# Fertilizer Prices Fall to Lowest in 19 Months as Gas Drops - Bloomberg

> The Green Markets North American Fertilizer Index fell 4% on Friday to $672.82 per short ton, its lowest level since June. Fertilizer prices have declined from 2022 records as gas costs and farmer demand both fell.

- Date: 2023-01-06 · published 2023-01-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10448-fertilizer-prices-fall-to-lowest-in-19-months-as-gas-drops-bloomberg
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower gas costs and weaker farmer demand reduce fertilizer input prices, easing production costs for feed grain growers and lowering the cost outlook for corn and other crops.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼
- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2023-01-10 | 1 | -6.4% | -3.4 | A 4% drop in the North American fertilizer index to a 19-month low on lower gas costs and weak farmer demand spread bearish sentiment across nitrogen markets. |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-01-06/fertilizer-prices-fall-to-lowest-in-19-months-as-gas-drops

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