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Fertecon forecasts that nitrogen prices will fall because of added US capacity and China's new low-growth policy. It expects US nitrogen imports to decline and says value-added phosphate products will grow faster than conventional fertilizers.
Growing US and Chinese capacity is expected to push nitrogen prices lower and reduce US import demand. This outlook is bearish for urea costs in the medium term.
farming.co.ukOct 24, 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.
