Half of the global urea supply typically ships through the Strait of Hormuz. In the past three weeks, urea prices in New Orleans have gone up nearly 40 percent. Due to the need for fertilizer ahead of the growing season,…
Global nitrogen market conditions have led to a standoff between buyers and suppliers, but one country has managed to move the needle with a series of smaller sales. "Recently, in the last couple of days on the global urea market,…