# Global urea prices fall after gas prices

> Global urea prices fell 2% to $323/t FOB Baltic during July 11-18 as demand weakened and major importers held large stocks. Analysts linked the decline to falling gas prices, while India's last tender bought only 430,000 t against 1-1.5 million t expected. Egypt is expected to resume exports soon after securing LNG.

- Date: 2024-07-26 · published 2024-07-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29602-global-urea-prices-fall-after-gas-prices
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Weaker demand and rising inventories point to further softening in nitrogen fertilizer prices, which lowers input costs for feed grain production in the coming season. Egyptian export resumption would add supply and reinforce the downward pressure.

## Read by commodity

- UREA: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/global-urea-prices-fall-after-gas-prices/

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