With the urea market still tight in the East, the Profercy World Nitrogen Index has maintained an upward trend. Prices rises for Middle East and Egyptian granular urea and Yuzhnyy prilled urea have been witnessed through recent sales and purchasing tenders. Today’s Egyptian granular urea tender saw prices up $15pt on last week. Going against…
DetailsOver the last few weeks the urea market has entered a bullish phase with notable price increases globally. This will provide a refreshing break to producers that have been on the wrong end of a falling market for most of the year. Reflecting this, the Profercy World Nitrogen Index has witnessed an increase in the…
DetailsSuccessive Indian administrations have sought to address India’s import requirement for urea, with demand far outstripping domestic supply. Latest news in the Indian media suggest that the Government’s New Investment Policy, intended to incentivise manufacturers to raise domestic production, has attracted far too much interest. The NIP sought to introduce guaranteed buy-back of urea produced…
DetailsThe PWNI utilizes key nitrogen fertilizer prices to derive a value for nitrogen as a crop nutrient. 2009 is used as the base point for the Index, which provides a useful and straightforward tool to gauge the overall health of the World market for nitrogen fertilizers. The prices are derived from the Profercy Nitrogen Report…
DetailsUrea prices have been on a downward trajectory since February and March. However, in the the last month urea prices appear to have bottomed out supporting a small upturn in the PWNI. The Profercy World Nitrogen Index, copied below, has since risen to 156 following a three-year low of 148 at the beginning of September.…
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