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Urea vs climate change, page-20

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rarebird1971

806 Posts.

606

15/08/22

21:18

Post #: 63128451
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Originally posted by CourtShort: ↑

I agree that if all nations reduce, etc there would be less demand, but I just don't see this happening globally for a long time. With the impoverished developing nations pumping out more and more mouths to feed, the burden of reducing greenhouse gases is one which the western world will be leading for quite a while. All the while, climate change is reducing arable land, so more NeuRizer urea will be required to generate growth globally.

I hope that the ag industry can capitalise on improved use of fertilizers as the research suggests. This will also place downward pressure on price, which the low-cost producers should be able to manage.

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The global urea market reached a volume of 178.32 million metric tons. The market is expected to grow at a CAGR of 0.8% between 2022 and 2027 owing to the growing agriculture sector.

https://www.expertmarketresearch.com/reports/urea-market/toc

I think the demand will remain. Picked up a small parcel today after watching for a few weeks.

NRZ Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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