# Fertiliser Prices Slump Across the Board | CZ app

> Fertiliser prices broadly weakened as urea struggled to find a floor, with Middle East producers trying to hold about $280-285/t FOB. A Sicilian... Oman cargo sold at $275/t FOB, and Chinese supply is expected in June. Processed phosphate prices came under pressure from rising Chinese supplies.

- Date: 2024-05-05 · published 2024-05-05T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30183-fertiliser-prices-slump-across-the-board-cz-app
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Expected Chinese urea exports and rising phosphate supply point to lower global nutrient prices, which reduces input costs for grain and oilseed growers but may cap their returns.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/fertiliser-prices-slump-across-the-board/

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