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Global urea prices rose strongly in the week, with Egyptian product up over $20/t and Algerian urea selling at £295/t on farm in the UK for February. UK urea stocks are at an all-time low and UK demand has picked up after the festive period.
Yara raised its 33.5% N ammonium nitrate price by $12/t while CF held its offers.
Tight global nitrogen availability and low UK stocks point to higher fertiliser costs for feed grain growers, supporting further price increases into spring application.
farming.co.ukJan 13, 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.
