Loading…
OCI's 1Q17 trading update reported own-produced fertilizer volumes up 13.3% year on year, with Egypt urea plants running near 100% use. Iowa Fertilizer Company started production in April, and the Natgasoline project is expected to start commercial production in 4Q17.
Higher output from Egypt and new Iowa capacity increases nitrogen supply, which adds downward pressure on urea prices and lowers fertilizer costs for grain and feed producers.
worldfertilizer.comAngharad LockMay 25, 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.
