# Urea looks poised for increases, while Potash prices are falling.

> South African wholesale urea granular prices fell 1.7% week-on-week to R6,934/t and potash granular fell 2.9% to R7,130/t as of January 11. Indian urea tender offers came in at $316/t West Coast and $329/t East Coast, with about 650,000t confirmed against a 800,000t target. Traders' buying later in the week pushed some spot prices up.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/11089-urea-looks-poised-for-increases-while-potash-prices-are-falling
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The Indian tender sets a global price floor for urea, and the modest volume suggests limited oversupply, which could support a rebound. Falling potash prices reduce input costs for South African farmers.

## Read by commodity

- UREA: neutral
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-10-02 | [Nitrogen Index holds steady as urea market is poised for India’s return](https://feedsoft.ai/events/50943-nitrogen-index-holds-steady-as-urea-market-is-poised-for-india-s-return.md) | +0.9% | +0.1% |
| UREA | 2021-05-06 | [Will fertiliser prices fall in the middle of this month?](https://feedsoft.ai/events/7726-will-fertiliser-prices-fall-in-the-middle-of-this-month.md) | +4.1% | +17.6% |
| UREA | 2023-08-06 | [International Urea Prices See Flashes Of Bearishness \| CZ app](https://feedsoft.ai/events/34500-international-urea-prices-see-flashes-of-bearishness-cz-app.md) | -4.4% | -10.6% |
| UREA | 2021-12-13 | [Australia taps Mideast, Indonesia, Japan for urea to ease trucking fears](https://feedsoft.ai/events/43914-australia-taps-mideast-indonesia-japan-for-urea-to-ease-trucking-fears.md) | 0.0% | -12.1% |
| UREA | 2024-12-02 | [China Could Provide Urea Price Support in Q1’25 \| CZ app](https://feedsoft.ai/events/26890-china-could-provide-urea-price-support-in-q1-25-cz-app.md) | +1.1% | +8.5% |

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/10264-urea-looks-poised-for-increases-while-potash-prices-are-falling

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