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Global urea prices rose in early June as producers committed most June cargoes and began selling for July. Egypt sold above $250/tonne FOB, Indonesia sold over 30,000 tonnes at $251.75, and Brazil's buying was strong despite a truckers' strike.
Firm Brazilian and Asian demand and tight availability support higher nitrogen prices, which raises feed-grain production costs over time.
vinachem.com.vnJun 5, 2018Not 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.
