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Urea Prices Continued to Gain Momentum in Week Ended August 24

Urea Prices Continued to Gain Momentum in Week Ended August 24

Urea prices continued to show strength last week, which ended on August 24. Urea prices have gotten a lift from a tighter supply environment on the back of higher energy costs in Europe and China. In its recent earnings call, CF Industries (CF) stated that it expects the supply to remain weak from Europe and China on the back of weak energy prices.