The ratio of the cost of urea and agricultural products has worsened this year — to purchase 1 ton of fertilizer, it is necessary to spend 6% more corn and 10% more wheat than last year.
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The ratio of the cost of urea and agricultural produce has worsened this year—purchasing 1 ton of fertilizer now requires spending 6% more corn and 10% more wheat than last year. This was reported by analysts at Barva Invest. At the same time, urea remains the cheapest nitrogen fertilizer in terms of active substance. Its current average market price is 10% higher than a year ago, while the price of gas is 27% higher. Analysts noted that due to the risks of shortages during field work, everyone from trading companies to end consumers is making reserves. "The issue of urea availability in the season will be relevant and may push prices into the background. Cherkasy "Azot" has been the sole producer of urea in the country for almost four years. Moreover, part of the produced urea is now used for KAS. Additionally, shutdowns are not excluded due to possible shelling of the energy and gas infrastructure," analysts clarified. Barva Invest also added that global urea quotes have ...