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Vinachem's fertilizer outlook says a bearish commodity tone and falling urea prices should keep fertilizer costs subdued into summer. Retail urea averaged about $492 with Gulf costs about $166, and the outlook suggests locking in some 2018 urea costs if prices are right.
Softer ammonia and urea prices lower input costs for US corn and feed producers, and a possible rebound in India-driven tenders could reverse the trend.
vinachem.com.vnMay 31, 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.
