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Gleadell's fertiliser manager reports global granular urea prices have risen $20-25/t since September on steady European and US demand. Traders are awaiting the next Indian tender, and UK urea values have increased.
Ammonium nitrate and NPK prices are also firm while potash is little changed.
Firm urea and nitrogen prices raise the cost of nitrogen inputs for grain growers, which can support corn and wheat input economics. Buyers of fertiliser-linked feed commodities should expect firmness to persist until the Indian tender clears.
farming.co.ukNov 4, 2016Not 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.
