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StoneX fertilizer VP Josh Linville said Iran's attack on Israel added to an already tight urea market where many countries had sharply cut exports. He reported urea barge load prices were up 10% that week, with anhydrous and UAN values following.
He warned that any Middle East conflict would significantly affect global fertilizer supply.
The Middle East and North Africa supply about half of traded urea, so regional conflict tightens global nitrogen supply and raises input costs. Higher fertilizer prices pressure farm margins and can shift acreage away from corn.
brownfieldagnews.comJared White2 okt 2024Na 323 eerdere opwaarts geopolitiek-gebeurtenissen bewoog Maïs zich mediaan +0,5% over 5 sessies (57% hoger; middelste helft -1,5% tot +2,9%), en +0,9% over 20.
Na 205 eerdere opwaarts geopolitiek-gebeurtenissen bewoog Ureum zich mediaan +0,4% over 5 sessies (53% hoger; middelste helft -2,1% tot +3,0%), en -0,4% 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.
Iran's attack on Israel on a tight urea market raised supply-disruption fears and lifted barge prices about 10% that week, a direct sentiment and supply driver of the 1 Oct-3 Oct jump.
Iran's attack on Israel on Oct 1-2 added a risk premium to an already tight urea market, with barge prices reportedly up sharply, which fits the 1-day jump.
