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European fertilizer traders expect CAN (calcium ammonium nitrate) prices to rise in the short term because natural gas costs are about 50% higher and demand is strong. KAS prices have eased slightly, while potash and triple superphosphate prices are stable to firm.
Fertilizers Europe expects nitrogen use in Europe to decline over the next decade.
Higher natural gas costs feed into nitrogen fertilizer production, which tends to lift nitrogen prices for European farmers. The expected long-term decline in nitrogen demand limits how far that increase is likely to run.
en.boerenbusiness.nlAnne Jan DoornJun 19, 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.
