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China has asked some fertilizer producers to suspend urea exports after domestic prices jumped. The move is expected to restrict supplies and raise costs for farmers in key importing countries.
Cutting China's urea exports removes a major source of global nitrogen supply, which tends to push up international urea prices and farm input costs.
bloomberg.comHallie Gu7 set 2023
feedstuffs.comBloomberg7 set 2023Dopo 129 eventi politica rialzista passati, Urea si è mosso in mediana di -0,1% in 5 sedute (47% in rialzo; metà centrale da -1,3% a +2,3%), e di +1,4% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
China's request that producers suspend urea exports cuts global supply and raises prices, though reported Sept 7, after the move, it reflects the underlying driver already circulating.
China's request that producers suspend urea exports restricts global supply and plausibly drove the jump, though the article is dated two days after the move, so it likely reports a development already known to the market.
