# Fertilizer prices keep drifting downwards with quiet trade over the holidays

> South African fertilizer prices kept drifting lower over the holiday period as quiet trade continued. The urea market was described as extremely quiet after the postponement of the December Indian tender, with producers holding large unsold stocks in the Middle East, North Africa, Europe and North America.

- Date: 2023-01-08 · published 2023-01-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10449-fertilizer-prices-keep-drifting-downwards-with-quiet-trade-over-the-holidays
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Heavy producer inventories and delayed Indian demand push nitrogen prices down, with urea setting a negative tone across nitrogen products.

## Read by commodity

- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2023-01-10 | 1 | -6.4% | -3.4 | Extremely quiet urea trade after the postponed Indian tender, with large unsold producer stocks in several regions, pointed to oversupply and pressure on prices. |

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/8912-fertilizer-prices-keep-drifting-downwards-with-quiet-trade-over-the-holidays

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