# Fertilizer prices stable this week, while outlook remains negative for the coming month.

> Fertilizer prices were broadly stable in the week to 2 February 2023, but urea prices fell 8-10% in most regional markets. The Brazilian urea price dropped $30/t to about $380/t, and large ammonium sulphate imports are keeping nitrogen prices under pressure. Buyers are waiting for the next Indian tender, which is not expected before late February or early March.

- Date: 2023-02-03 · published 2023-02-03T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11834-fertilizer-prices-stable-this-week-while-outlook-remains-negative-for-the
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Oversupply and weak buyer interest are pushing urea lower, and nitrogen costs for feed grain production are likely to keep easing until a major Indian tender provides a demand signal.

## Read by commodity

- DAP: neutral
- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2023-02-07 | 1 | -2.4% | -3.1 | It describes falling urea prices, a negative one-month outlook and buyers holding off until the next Indian tender, so weak demand and sentiment may have spilled over to DAP. |

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/9006-fertilizer-prices-stable-this-week-while-outlook-remains-negative-for-the-coming-month

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