# StoneX Market Insights: urea prices decline amid lower demand

> StoneX says urea prices are falling as global demand weakens and India's last tender left about 2 million tonnes unsold. New Orleans urea was recorded at $313 per ton, among the lowest levels in the quartile. Buyers are holding off in hopes of further declines.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33093-stonex-market-insights-urea-prices-decline-amid-lower-demand
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Surplus urea and weak demand keep nitrogen costs low for grain producers, while buyers' reluctance adds downward pressure on prices.

## Read by commodity

- UREA: bearish ▼

## Sources

- fertilizerdaily.com: https://www.fertilizerdaily.com/20231121-stonex-market-insights-urea-prices-decline-amid-lower-demand/

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