# Fertiliser Fundamentals Indicate Softer Prices | CZ app

> Urea prices cooled as Egyptian gas supply resumed and producers returned to about 80% utilization. Spot urea in the Middle East is USD 340-345/tonne FOB, and Brazilian CFR offers have eased, with no sign India will enter the market before September.

- Date: 2024-06-23 · published 2024-06-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29674-fertiliser-fundamentals-indicate-softer-prices-cz-app
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Returning Egyptian supply and absent Indian and Chinese demand point to softer urea prices in the near term, lowering nitrogen input costs for feed producers.

## Read by commodity

- UREA: bearish ▼

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/fertiliser-fundamentals-indicate-softer-prices/

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