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Granular and prilled urea prices rose week-over-week in the week ending January 5, with Middle East granular up about 7% to $243/t and Egypt up 6.5% to $263/t. Year-over-year prices remained subdued except at NOLA.
Higher urea prices raise nitrogen fertilizer input costs for farmers, which can influence fertilizer application and crop economics heading into the 2018 season.
marketrealist.comAdam JonesJan 8, 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.
