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Yara warned that nitrogen prices will rise because reduced Chinese urea exports have left a global shortfall. Its third-quarter urea FOB average was $235/t, 22% above a year earlier, while phosphate prices fell about 20%.
China is the largest urea exporter, so curtailed exports tighten global nitrogen supply and lift urea prices. Higher fertilizer costs can cut farm margins and planted acreage over time.
farmersjournal.ieLorcan AllenOct 19, 2017After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
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.
