# Urea forecast suggests short-term price declines, but recover later

> Argus Media expects urea prices to fall over the next couple of months due to limited demand, then steady through the first quarter of 2024. Prices are forecast to rise in the second quarter as seasonal demand builds in the United States and European Union.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/10282-urea-forecast-suggests-short-term-price-declines-but-recover-later
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Near-term softness in nitrogen costs benefits feed and livestock input budgets, but the expected spring seasonal rally could lift fertilizer and grain production costs later in 2024.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-04-13 | [Latest Data Shows Drop in Fertilizer Prices - MiningNewsWire](https://feedsoft.ai/events/5939-latest-data-shows-drop-in-fertilizer-prices-miningnewswire.md) | +0.6% | +2.8% |
| UREA | 2023-04-07 | [Commodity prices declined further in March—Pink Sheet](https://feedsoft.ai/events/36707-commodity-prices-declined-further-in-march-pink-sheet.md) | +8.3% | +8.3% |
| UREA | 2024-04-03 | [Fertilizer Market Insights: Planting Report, YTD Urea NOLA Prices, Indian Tender Results, North American Price - Genesis Fertilizers](https://feedsoft.ai/events/5303-fertilizer-market-insights-planting-report-ytd-urea-nola-prices-indian-tender.md) | -7.2% | -7.9% |
| UREA | 2023-03-30 | [Short-term outlook report: war in Ukraine continues to impact EU farmers - Agriculture and rural development](https://feedsoft.ai/events/16198-short-term-outlook-report-war-in-ukraine-continues-to-impact-eu-farmers.md) | +2.7% | +15.4% |
| UREA | 2023-05-29 | [Better fert prices on the way: Rabobank](https://feedsoft.ai/events/36250-better-fert-prices-on-the-way-rabobank.md) | -8.1% | -3.1% |

## Sources

- producer.com: https://www.producer.com/news/urea-forecast-suggests-short-term-price-declines-but-recover-later/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.