# Egypt commits over 100,000t of urea in less than two days as market rallies

> Egyptian producers committed over 100,000 tonnes of granular and prilled urea in about 48 hours, with prices rising more than $30/t fob. Demand came from traders covering earlier Turkish sales and modest European interest.

- Date: 2024-01-10 · published 2024-01-10T12:00:00.000Z
- Category: trade · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/32436-egypt-commits-over-100-000t-of-urea-in-less-than-two-days-as-market-rallies
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Short covering and nearby demand lifted Egyptian urea sharply after a bearish Q4, signaling a firmer global urea floor heading into early 2024 shipments.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-09-03 | [Urea market rallies in the west, while east continues to await Indian announcement](https://feedsoft.ai/events/5162-urea-market-rallies-in-the-west-while-east-continues-to-await-indian.md) | +8.6% | +43.5% |
| UREA | 2024-09-03 | [Directionless global urea market awaits outcome of latest Indian purchasing tender](https://feedsoft.ai/events/28636-directionless-global-urea-market-awaits-outcome-of-latest-indian-purchasing.md) | +1.7% | +2.5% |
| UREA | 2024-05-28 | [China Absence, India Tender Creates Urea Market Rally \| CZ app](https://feedsoft.ai/events/30180-china-absence-india-tender-creates-urea-market-rally-cz-app.md) | -2.7% | +4.2% |
| UREA | 2024-02-26 | [Urea Prices Lift as Other Markets Remain Muted \| CZ app](https://feedsoft.ai/events/6434-urea-prices-lift-as-other-markets-remain-muted-cz-app.md) | +9.8% | +9.1% |
| UREA | 2021-11-12 | [Malaysian granular urea hits $1000pt fob as Chinese absence continues to be felt in the east](https://feedsoft.ai/events/44340-malaysian-granular-urea-hits-1000pt-fob-as-chinese-absence-continues-to-be-felt.md) | -1.3% | -1.8% |

## Sources

- profercy.com: https://www.profercy.com/insights/egypt-commits-over-100000t-of-urea-in-less-than-two-days-as-market-rallies

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