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By: Josh Linville, Vice President- Fertilizer
I could go on but you get the point. That said:
Seems urea is going to struggle to move much higher globally as India has disappointed and world demand has not come forward as expected. That said, it seems downside is limited as well. Until something new breaks us from this cycle, I would not be surprised to see us fairly rangebound in the coming weeks. Spring demand could put pressure on logistics and make regional/local prices spike.
Price comparisons
U.S. Midwest Average
U.S. Southern Plains Average
U.S. Northern Plains Average
Middle East
Number 1 exporter (as a region, not as individual nations)
Egypt
Number 5 exporter (4.6mmt in 2021)
Top 5 export destinations
Price comparisons
Black Sea
Number 1 exporter (7mmt in 2021)
Top 5 export destinations
Price comparisons
China
Number 4 exporter (5.3mmt in 2021)
Top 5 export destinations
Price comparisons
Brazil
Number 2 importer (7.8mmt in 2021)
Top 5 import origins
Price comparisons
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