CF Industries Says Global Nitrogen Supply-Demand Fundamentals Remain Constructive Into 2027; Conflict With Iran Reduced M. East Traded Nitrogen Supply By About 4.0M-4.5M Metric Tons Urea & About 1M Metric Tons Ammonia; Expects Higher Shipping Costs From M East Region To Persist Over The Longer Term; Production From Nitrogen Facilities In Russia Also Remains At Risk From The Ongoing Russia-Ukraine War
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Why It Matters
CF Industries thinks the world will need more nitrogen fertilizer than usual through 2027 because wars have knocked out supply from the Middle East and Russia. When supply gets tight, prices tend to stay higher, which could help the company's business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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