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European nitrogen prices firmed after Yara raised its 33.5% nitrogen price by €2 per ton to €230 per ton, and CF was withdrawing its terms. Urea prices rose in the US and South America on tight supply, while Egyptian producers cut output for maintenance.
Tighter urea supply and reduced Egyptian output support higher nitrogen prices into the autumn application season. This raises costs for feed grain growers in the affected regions.
farming.co.ukJul 28, 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.
