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With CAN prices already up €50/t since the lows of last summer, it seems there are more increases to come in the next few weeks.
European fertiliser producers have moved forward again in January, with some producers looking for a further €5/t to €10/t for January/February. This would indicate CAN prices could increase a further €5/t on today’s prices in the weeks ahead.
Europe’s largest producers, including Yara and Uralchem, are blaming tightening production and exports of urea from China and increased exports of CAN from Europe to South America for the price hikes.
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