24 May 2011 20:08 [Source: ICIS news]
A cargo of Arabian Gulf granular urea has been bought by a trading company at $427-428/tonne (€303-304/tonne) FOB (free on board), sources said on the sidelines of the International Fertilizer Industry Association (IFA) Annual Conference in Montreal, Canada.
The cargo will ship during June to
Arabian Gulf urea is almost sold out for June shipment and this, alongside strong demand in markets such as
In addition, there is uncertainty regarding Chinese supply because of the government's export tax regime. This is also pressuring international urea prices.
The IFA conference runs from Sunday through Wednesday.
($1 = €0.71)
For more on urea visit ICIS fertilizers
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