Urea Price in the United States were falling in Q3 as upstream nitrogen values in the country were plummeting. According to sources, nitrogen values dropped by 30% in the international market. Prices also fell in the domestic market due to lower demand and fewer offtakes. In the U.S., demand from domestic buyers remained limited, as expected during the offseason. As a result, many dealers and producers there continue to concentrate on re-exporting possibilities. Meanwhile, it is anticipated that global supply chain disturbances will continue to influence the global fertilizer industry, and the situation between Russia and Ukraine is far from being resolved. Nevertheless, it is unlikely that exports will significantly expand under the existing inspection procedure.
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