Episode 1455: Middle East conflict tightens fertilizer supply, lifts prices and erodes demand
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Episode 1455: Middle East conflict tightens fertilizer supply, lifts prices and erodes demand
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The Middle East conflict has affected fertilizer markets pushing prices up due to tight availability and leading to demand destruction in some regions.
In this podcast, urea editor Deepika Thapliyal, sulphur editor Manuja Pandey, phosphates editor Chris Vlachopoulos, sulphuric acid editor Andy Hemphill and ammonia editor Sylvia Traganida discuss the latest market developments.
· Urea prices jump on tight availability, drop in demand on low affordability
· Sulphur supply tightness leads to two-tier market for industrial users and fertilizer producers
· China export ban of sulphuric acid pushes prices to record highs
· Concerns arise in Europe on farmer affordability leading to phosphates demand destruction
· Lack of ammonia availability from the Middle East pushes Asian prices up and makes buyers look eastward for product