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Global urea prices rose steeply this week on a short-term shortage of world urea stocks, with trades done $15/t higher than the previous week. Ammonium nitrate prices in the UK were unchanged but are expected to rise into autumn as they catch up with European levels.
Tight urea supply and covering of short positions by major trading houses point to higher nitrogen input costs for feed grain producers in the near term.
farming.co.ukAug 11, 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.
