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Indian urea tender delays and weak seasonal Q2 demand pushed international urea prices lower, with producers cutting prices to keep sales moving. Chinese urea became available in small volumes, raising expectations of larger Chinese exports.
A stronger South African rand offset the urea drop locally and lifted other nutrient prices in rand terms.
A delayed Indian tender and possible Chinese export easing point to lower global urea prices, while currency moves can change local nutrient costs for South African buyers.
farmingportal.co.zaFarming Portal1 de mai. de 2022Após 81 eventos baixista de comércio passados, Ureia subiu em mediana -1,0% em 5 sessões (28% de alta; metade central de -7,2% a +0,4%), e -5,5% em 20.
Ainda não há eventos comparáveis passados suficientes para uma leitura histórica.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Delayed Indian tenders and weak seasonal Q2 demand led producers to cut prices, while small volumes of Chinese urea raised expectations of larger exports, adding to supply.
Indian tender delays, weak seasonal Q2 demand, producers cutting prices, and expected Chinese export volumes pushed international urea lower.
