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Urea prices have surged since late 2016 on Indian demand, production capacity lags and policy changes, with Ravensdown raising New Zealand prices 5.5%. Chinese exports have slid from 13.5 million tonnes a year to 9.5 million tonnes and idle capacity remains.
Sustained urea price increases and reduced Chinese export availability tighten global nitrogen supply, raising fertilizer costs for feed grain growers.
farmersweekly.co.nzRichard RennieMar 9, 2017After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
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.
