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Global urea values surged over recent weeks before stabilising, with reduced Chinese exports tightening supply. An Indian tender reportedly secured about 500,000t of urea from China, the Black Sea and the Middle East.
UK new NPK compound prices are expected to rise significantly as phosphates follow nitrogen higher.
Tighter urea and phosphate supply lifts fertiliser input costs for feed grain producers, raising production costs and supporting crop prices over time. Buyers should expect higher fertiliser costs into the next season.
farming.co.ukSep 29, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
