Fertilizer Producers Sector Update - Black Sea Grain Initiative termination boosting urea prices
  • 17 Aug 2023
  • Sector Reports
We maintain our 2023-2025F average Middle East urea price forecast at USD350/tonne. The average Middle East urea price in H1 2023 was USD340/tonne (-57% YoY). In July 2023, the average Middle East urea price bounced back 16% MoM to USD335/tonne from the H