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Dutch fertilizer sales have started late because the slow spring delayed field work and the spreading of manure. Urea (30% N) was quoted at about €16 per 100 kg in mid-April, up from €15.50 a month earlier.
Some traders expect lower prices while others say it is too early for declines.
Late-season demand and firm urea quotes support near-term nitrogen prices in Europe, which can feed into forage and grain production costs. Price direction is mixed until the new season's demand becomes clearer.
en.boerenbusiness.nlAnne Jan DoornApr 16, 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.
