Laden…
Urea prices in South Africa eased in the week to 24 October, with granular urea down 0.2% week on week. Market sentiment turned negative after the Indian urea tender was delayed until at least the first week of November because of the Diwali holiday.
Analysts note that Indian demand remains and the tender should still go ahead.
A delayed Indian tender removes near-term demand and has reversed recent urea gains, so prices may stay soft until the tender is issued and awarded.
farmingportal.co.zaFarming Portal25 okt 2024Na 81 eerdere neerwaarts handel-gebeurtenissen bewoog Ureum zich mediaan -1,0% over 5 sessies (28% hoger; middelste helft -7,2% tot +0,4%), en -5,5% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
The Indian tender delay until at least early November turned market sentiment negative and softened urea prices, consistent with continued downward pressure into end-October.
