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Scottish farmers' nitrogen fertilizer prices have risen by £80 a tonne since last summer, to £245/t for AN. The increase is blamed on Chinese urea output cuts, as coal-based plants are mothballed due to rising coal costs.
A weak sterling also raises import costs for UK buyers.
China makes about half the world's nitrogen supply, so reduced Chinese urea output tightens global nitrogen markets and lifts fertilizer costs for feed grain growers. Higher input costs may push farmers to cut application rates.
farmersjournal.ieJohn SleighMar 15, 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.
