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Bangladesh has increased urea imports from Saudi Arabia, the UAE and Qatar by about 15% this year, reaching over 1.1m tons. Gas shortages have forced domestic fertilizer plants to shut down or cut output.
Bangladesh needs about 2.6m tons of urea a year, so sustained Middle East buying adds to import demand and supports urea prices.
arabnews.comSHEHAB SUMONNov 26, 2022After 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.
