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Irish fertiliser prices are rising, with some local stores already charging more for several fertiliser types. The increase is attributed mainly to a global urea shortage that followed India's tender for 1.5 million tonnes in late 2020.
Higher gas prices, a similar US supply squeeze, and reported DAP shortages are also adding pressure.
Tight urea and DAP supply lifts nitrogen and phosphate input costs for feed-grain producers, which can feed through to grain and feed prices over the coming season. Industry sources expect prices to stay elevated but not far above historical norms.
agriland.ieSylvester Phelan2 Feb 2021Setelah 176 peristiwa perdagangan bullish sebelumnya, Urea bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -1,3% sampai +2,4%), dan +1,6% selama 20 sesi.
Setelah 193 peristiwa perdagangan bullish sebelumnya, DAP bergerak median +0,4% selama 5 sesi (54% lebih tinggi; separuh tengah -0,3% sampai +1,8%), dan +1,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Attributes the urea shortage to India's 1.5 Mt tender and higher gas prices, an underlying demand and supply driver.
