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AMIS October Market Monitor says fertilizer prices rose in September, driven by Indian market strength and uncertainty over Chinese exports. China reportedly asked some manufacturers to suspend urea exports after domestic prices surged, and India made an unexpected purchase tender.
Any sustained cut in Chinese urea exports tightens global nitrogen supply and pushes fertilizer costs up for feed grain producers ahead of the Northern Hemisphere fall application season.
michiganfarmnews.comDennis Rudat, Farm News Media10 Okt 2023Setelah 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.
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.
