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A fertilizer outlook reports unsettled markets firming, with the Gulf urea swap settling at $240/ton after a $22.50 rise tied to a new Indian tender. US average retail fertilizer prices rose $3 to $373.25, and UAN28 was flat at $208.
Phosphates and potash are beginning to move higher as September trading ends.
Rising urea and phosphate costs increase farm input expenses, supporting higher production costs for feed grains. Buyers should lock in fertilizer costs where possible.
vinachem.com.vnSep 29, 2017Not 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.
