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The Vietnam Fertiliser Association says fertiliser prices rose 25-30% recently due to higher oil and input costs, container shortages that lifted freight more than 100% on some routes, and Chinese export curbs. Two urea plants are set to resume operations, which could ease prices mid-month.
Chinese export restrictions and freight costs keep urea and DAP tight globally; resumed Vietnamese urea output may ease local prices but global supply stays constrained.
van.nongnghiepmoitruong.vnNguyen HuanMay 6, 2021After 23 past neutral trade events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -1.1% to +1.0%), and +2.8% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.
