Nitrogen fertilizer market // Week 15
The urea market has been showing lively trade this week. Egyptian producers have been selling urea to Europe and intend to sell the fertilizer to the US given strong demand in this country.
The urea market has been showing lively trade this week. Egyptian producers have been selling urea to Europe and intend to sell the fertilizer to the US given strong demand in this country.
The urea market has been showing lively trade this week. Egyptian producers have been selling urea to Europe and intend to sell the fertilizer to the US given strong demand in this country.
The Middle Eastern urea market remains inactive. According to unconfirmed reports, a fertilizer stem was sold at $285/t FOB.
Demand for phosphate fertilizers has been moderate in Brazil this week as consumers expect prices to fall.
The stevedoring companies operating in the Port of Klaipeda stepped up handling of various types of cargoes by 10% month-on-month to 3.4 million t in March 2023, exceeding the February handling volume by 309,000 t.
In mid-March, an Egyptian producer sold granular urea at $350/t FOB, so this week prices have dropped to $330-345/t FOB Egypt.
According to the agreement between OCP and BADC, OCP will supply 40,000 t of DAP to Bangladesh at a price of about €560/t FOB Morocco.