Laden…
Urea prices rose about $5-7/t in most benchmark locations after Iran launched missiles into Israel, lifting market fears. Several pending trades were abandoned as buyers pulled back, while the Middle East FOB price approached $360/t and November forwards were quoted near $380.
Middle East supply is central to global urea trade, so geopolitical risk to those flows and firmer tender pricing point to higher nitrogen fertilizer costs for feed grain producers in coming months.
farmingportal.co.za5 okt 2024Na 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.
Na 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.
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.
Urea prices rose $5-7/t after Iran's missile launch and buyers pulled back from trades, which matches the sentiment-driven rally, though the article is dated after the move.
