Free Urea Pricing Trend and Forecast New York
- Location: New York, New York, NY
In the North American region, the overall fertilizers market showcased mixed sentiments in the 3rd quarter of 2021. Q3 observed bearish sentiments for Urea Pricing in the US, where, in the first half of the quarter fertilizer industry observed a slump in consumption numbers after the spring season. Prices were assessed in late August at USD 424-450 per MT on FOB basis. However, as Q3 moved towards its conclusion, the Urea market gained strength as feedstock Ammonia started its uptrend due to surging Natural gas price which resulted in a substantial rise in Urea prices towards the end of the quarter.
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