PODCAST: Urea breaches psychological $200/tonne FOB mark

Author: Sylvia Traganida


LONDON (ICIS)--The coronavirus pandemic continues to take a toll on urea prices, which have lost 20% of their value since mid-March.

A prilled urea sale in Russia has been concluded below $200/tonne FOB, breaking the level for the first time in three years.

ICIS editors Julia Meehan and Deepika Thapliyal discuss how buyers are careful to plan ahead and how much more pain there could be in store for producers.

Click here to listen in a new window.

Visit the ICIS Coronavirus topic page for analysis of the impact on fertilizer markets and links to latest news.