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Russia is using its natural gas to produce urea, which is exempt from European Union sanctions, and exporting it to Europe. Yara says the practice is substantial and is distorting the EU urea market.
The sanctions on Russian gas have already raised energy costs for European fertilizer producers.
Sanction-exempt Russian urea flowing into Europe adds supply to a market already facing high gas-driven production costs, which tends to weigh on European urea prices while keeping the cost floor high.
cen.acs.orgAlex Scott3 Mei 2024Setelah 17 peristiwa geopolitik bearish sebelumnya, Urea bergerak median -1,9% selama 5 sesi (41% lebih tinggi; separuh tengah -3,1% sampai +2,8%), dan +0,2% 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.
