Urea Prices Decline to Lowest Levels Since Pre-Iran Conflict
- Reports
- 2
- Developments
- 4
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Urea prices have turned lower in recent weeks, reaching the lowest weekly average since the end of February and before the Iran conflict. The average price for urea in a survey conducted by the University of Arkansas Division of Agriculture was $669 per ton. This decline is occurring despite urea being a nitrogen source dependent on petroleum.
From hpj.com
Why it matters
The drop in urea prices is attributed to the evaporation of the Iran war premium and China recently lifting urea export restrictions. Retail urea prices in Arkansas are linked to the New Orleans wholesale barge market, which has also seen sharp drops.
From hpj.com
Who's involved
- ArkansasState where retail urea prices are linked to the New Orleans wholesale market
- New OrleansLocation whose wholesale barge market influences retail urea prices
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ArkansasSpeculative
Farmers in Arkansas might see lower costs for nitrogen-based fertilizer inputs.
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How it developed
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The entities involved
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Louisiana
state of the United States of America
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New Orleans
largest city of the state of Louisiana, United States
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Arkansas
state of the United States of America
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Kansas
state of the United States of America
Related events
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