After Israel Strikes Iran, Heightened Focus on Wartime Premiums in Fertilizer Market
After Israel launched strategic strikes against Iran, fertilizer analysts are watching for the after effects.
“Nitrogen markets reacted overnight, significantly higher,” says Josh Linville, vice president of fertilizer at StoneX. “There’s a significantly higher urea market, at least in the North American marketplaces up about $50 to $60 a ton. International markets are up substantially as well as the market starts to factor in these wartime premiums, even though no production has been impacted.”
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