PODCAST: More urea price increases due for a market already at historic highs
LONDON (ICIS)–Urea prices are trading at the highest ever levels seen since ICIS started tracking the crop nutrient in 1995.
There is concern of a global shortage as the West ramps up sanctions and Russia retaliates with restrictions of its own, including on grain exports.
Russia is the world’s largest natural gas producer and supplies 40% of Europe’s needs. It is also the world’s largest urea exporter with a 14% market share.
In this podcast, global urea editors Mark Milam and Deepika Thapliyal discuss what is happening with urea prices, and what the markets are expecting in months to come.
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