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Argus reports that urea prices rose in mid-June 2023 as traders sought cargoes, with granular urea deals at $260-280/t f.o.b. Baltic, $312-335/t f.o.b.
Egypt, $253-280/t f.o.b. Middle East and $308-310/t f.o.b.
China. Ammonium sulphate and UAN stayed weak, and ammonia spot activity was limited by EU import duty uncertainty and volatile European gas prices.
Fertilizer costs feed into feed grain production economics and farm input budgets, so rising nitrogen prices tied to energy costs can support ingredient prices over time.
bcinsight.crugroup.comJul 31, 2023Not 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.
