# Bullish Sentiment in Urea, and Ammonia Markets | CZ app

> Urea prices rose across most regions, led by Egyptian producers who sold into European covering of short positions. MOPCO and other Egyptian sellers placed volume at $286-290/t FOB, with the peak reaching $310/t FOB. Brazilian offers rose from $300 to $320/t CFR, and Petronas had production problems in Southeast Asia.

- Date: 2024-05-19 · published 2024-05-19T12:00:00.000Z
- Category: market · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/30185-bullish-sentiment-in-urea-and-ammonia-markets-cz-app
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Short covering and Egyptian sales lifting prices to $310/t FOB increase the cost of nitrogen for global grain producers and signal firmer demand heading into the June supply window.

## Read by commodity

- UREA: bullish ▲

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/bullish-sentiment-in-urea-and-ammonia-markets/

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