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25 July, Fertiliser Comment

  • karli305
  • Jul 26, 2022
  • 1 min read

Urea prices tumbled last week – largely on the back of the news that Russia/Ukraine and Turkey have reached a deal that will allow the exports of urea (and grains) from Ukrainian ports. This coupled with lowered than expected prices into the Indian tender saw prices move $50 a ton lower. Aust Port prices are yet to show the decline- but we are confident they will follow in a few weeks.


Phosphate markets were very quiet this week – still digesting the fact that China will resume exporting. Traders remain confused about supply out of Russia given sanctions/ logistical problems. Demand remains very good- even a high prices.







 
 
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