# January '24 Farmer Fertilizer Focus - Urea

> StoneX's Josh Linville says urea prices lack fundamental reasons to rally right now but he leans bullish. He says the outcome depends on whether other regions follow India's urea tender announced before Christmas. He also warns that Red Sea and Persian Gulf shipping lanes make him nervous, and notes that US imports in October were around 500,000 tons.

- Date: 2023-12-26 · published 2023-12-26T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32634-january-24-farmer-fertilizer-focus-urea
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Buyer reaction to India's tender and shipping risk in the Red Sea could push urea values higher, so feed and fertilizer buyers should watch these factors for price direction.

## Read by commodity

- UREA: bullish ▲
- POTASH: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-02-28 | [March '24 Farmer Fertilizer Focus - Phosphate](https://feedsoft.ai/events/4295-march-24-farmer-fertilizer-focus-phosphate.md) | +7.6% | +9.1% |
| UREA | 2025-02-03 | [February '25 Aussie Farmer Fertilizer Newsletter - Urea](https://feedsoft.ai/events/4642-february-25-aussie-farmer-fertilizer-newsletter-urea.md) | +10.5% | +9.8% |
| UREA | 2024-02-05 | [Changes in international fertilizer prices from January 26 - February 2.](https://feedsoft.ai/events/32007-changes-in-international-fertilizer-prices-from-january-26-february-2.md) | +1.4% | +11.5% |
| UREA | 2020-07-13 | [Fertiliser Focus – 13th July 2020 - COFCO](https://feedsoft.ai/events/52425-fertiliser-focus-13th-july-2020-cofco.md) | -1.4% | +20.0% |
| UREA | 2024-01-22 | [Changes in international fertilizer prices from January 12 - January 19.](https://feedsoft.ai/events/4572-changes-in-international-fertilizer-prices-from-january-12-january-19.md) | +12.6% | +13.1% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/january-24-farmer-fertilizer-focus-urea/
- stonex.com: https://www.stonex.com/en-us/insights/january-24-farmer-fertilizer-focus-potash/

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