# Southeast Asian granular urea sold at around $710/t fob | Latest Market News

> BFI of Brunei sold 6,000t of granular urea at about $710/t fob in a tender closing 12 March. Larger cargoes command premiums because they can be shipped to Australia. Local Australian urea prices reached A$1,200/t, up at least 45pc from pre-war levels.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Southeast Asia · magnitude medium
- Page: https://feedsoft.ai/events/31526-southeast-asian-granular-urea-sold-at-around-710-t-fob-latest-market-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Southeast Asian supply is tight as Indonesia and China are short, and Australia is competing for cargoes, so regional urea prices are being pushed higher. Costs for Asia-Pacific feed and grain producers rise accordingly.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-03-25 | [Egypt urea sold higher after US, Israel attack on Iran \| Latest Market News](https://feedsoft.ai/events/31524-egypt-urea-sold-higher-after-us-israel-attack-on-iran-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2024-03-25 | [US-Iran war exposes Australia’s urea import reliance \| Latest Market News](https://feedsoft.ai/events/31527-us-iran-war-exposes-australia-s-urea-import-reliance-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2024-03-25 | [Nola urea prices surge on US-Iran conflict \| Latest Market News](https://feedsoft.ai/events/31521-nola-urea-prices-surge-on-us-iran-conflict-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2026-03-02 | [Urea derivatives surge on Middle East conflict \| Latest Market News](https://feedsoft.ai/events/4428-urea-derivatives-surge-on-middle-east-conflict-latest-market-news.md) | +25.5% | +36.4% |
| UREA | 2024-03-25 | [Major Middle East urea producers withdraw offers \| Latest Market News](https://feedsoft.ai/events/31525-major-middle-east-urea-producers-withdraw-offers-latest-market-news.md) | -12.7% | -19.2% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2800749-southeast-asian-granular-urea-sold-at-around-710-t-fob

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