|
|
|
|
|
|
|
|
|
09.06.26 - 20:54
|
U.S. Fertilizer Prices Erase War Spike, But El Nino Keeps Food Inflation Risk Elevated (ZeroHedge)
|
|
|
U.S. Fertilizer Prices Erase War Spike, But El Nino Keeps Food Inflation Risk Elevated
The good news for US farmers is that urea fertilizer prices have returned to pre-US-Iran conflict levels after spiking from late February through mid-April. This is great news for farmers, though they are not out of the woods, as drought continues to plague some of the nation's top agricultural belts.
Prices for granular urea in New Orleans have slumped 36% since peaking at $710 per short ton in mid-April. Spot prices are currently $453, back to pre-conflict levels.
Bloomberg Intelligence analysts noted that a combination of oversupply and weak demand is pressuring US urea spot prices, which have fallen below those seen in more import-dependent markets such as Brazil and Egypt. The reversal in nitrogen fertilizer prices benefits farmers while also reducing part of the windfall enjoyed by CF Industries and Nutrien.
Shares of CF Industries and Nutrien are both down about 20%, closely tracking urea spot prices...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
09.06.26 - 17:24
|
Inflation Pressures Rise in Asia Despite Fuel Price Caps (Bloomberg)
|
|
|
Deepali Bhargava, ING Head of Research and Chief Economist for APAC, discussed the current inflation dynamics in Asia in the context of recent geopolitical developments, including a fragile ceasefire and renewed tensions in the Middle East. She highlighted that growth across Asia has remained stronger than expected, supported in part by the tech export sector. (Source: Bloomberg)...
|
|
|
|
|
|
|
09.06.26 - 15:36
|
Oil shock to inflation risk: How the Iran war is reshaping India′s economic outlook (Times of India)
|
|
|
India's economic outlook is darkening due to rising oil prices, fertilizer costs, and supply disruptions from the Iran conflict. Economists warn of escalating inflation, slower growth, and strained government finances. The nation, heavily reliant on oil imports, faces significant economic challenges as global energy prices surge, impacting its balance of payments and fiscal health....
|
|
|
09.06.26 - 15:30
|
Latvia Inflation Rises To 5-month High (AFX)
|
|
|
BRUSSELS (dpa-AFX) - Latvia's consumer price inflation accelerated in May to the highest level in five months, data from the statistical office showed on Tuesday.The consumer price index rose 3.5 ......
|
|
|
|
|
|
|
|
|
|
|
|