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Urea prices have risen about $10/t per week over the past six weeks, from around $440/t to roughly $500/t. Australian Fertiliser Services Association chairman Craig Swan attributed the increase to world supply and demand factors and currency movements.
Higher urea costs raise farm input costs for corn and other crops, which can shift acreage and influence future grain supply. The price rise reverses a long run of low fertilizer prices.
graincentral.comNeil LyonJul 18, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
