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Urea prices fell in the week ending January 19, with Egypt granular down about 3.8% to $256/t, NOLA down 2.1% to $217/t and Middle East down 1.7% to $239/t. Prices were also lower year-over-year at all locations.
Lower urea prices reduce nitrogen input costs, though volatility in natural gas feedstock continues to drive the market.
marketrealist.comAdam JonesJan 22, 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.
