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US urea prices held firm on barges as traders rushed cargoes to New Orleans before the Mississippi river closure. Indian authorities said the next urea tender is at least a month away, while Eastern urea prices fell on increased Chinese exports.
Mixed regional movements leave urea prices flat overall, but the delayed Indian tender and rising Chinese supply weigh on the outlook. The river closure is a logistics factor that could support US prices briefly.
farmingportal.co.zaFarming Portal28 de abr. de 2023Após 23 eventos neutro de comércio passados, Ureia subiu em mediana 0,0% em 5 sessões (48% de alta; metade central de -1,1% a +1,0%), e +2,8% em 20.
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.
Reports of rising Chinese urea exports, a delayed Indian tender (at least a month away) and the end of the US pre-closure buying rush point to weaker demand and more supply, which supports a sharp price drop.
