# Urea prices fall sharply as demand dries up.

> Urea granular prices in South Africa fell 6.0% in the week to November 7, with MAP down 1.6% and KCl down 1.5%. Middle East urea was assessed nearly $20/t lower, in the low $350s, based on only one or two trades, while Egyptian urea dropped from over $400/t FOB to $360/t with few buyers.

- Date: 2024-11-09 · published 2024-11-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27726-urea-prices-fall-sharply-as-demand-dries-up
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

The sharp drop reflects holding back ahead of the Indian tender rather than firm fundamentals, so prices may rebound if the tender clears well, but near-term nitrogen costs are lower.

## Read by commodity

- UREA: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/11142-urea-prices-fall-sharply-as-demand-dries-up

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