A fertilizer specialist says several global factors are starting to affect urea prices and farmers might want to talk to local suppliers about securing nitrogen.
Josh Linville with Stone X Group says China, the world’s largest urea producer, is putting new export restrictions on the product and India is looking for more.
“They want to buy another block of tons. We don’t know details about how many tons are available or the pricing, but I can tell you international values over the three day weekend are up more than $100 per ton.”
He says the increase in urea values will also boost the cost of anhydrous and UAN.