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Irish fertiliser importers are holding back from nitrogen purchases as urea prices fell after India withdrew from a significant tender. Industry sources believe the market has bottomed, and European demand has picked up, with CAN prices supported by rising gas costs and plant outages.
Expectations of a market bottom and firm CAN and ammonia pricing suggest European nitrogen costs for 2018 may rise, adding to farm input expenses for feed producers.
farmersjournal.ieEoin LowryDec 6, 2017Not 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.
