# Urea Prices Slide Globally With Lack Of Demand | CZ app

> Global urea prices have slid since the India 1.67 million tonne urea tender awards, with a small 8KT Brazil cargo sold at USD 360/t CFR, well below levels of a few weeks earlier. China has suspended some export inspections to stabilize domestic prices, though this has not materially supported the market, and sanctioned Iranian urea has fallen to USD 330-340/t FOB.

- Date: 2023-11-13 · published 2023-11-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33474-urea-prices-slide-globally-with-lack-of-demand-cz-app
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Weak demand in Brazil, Europe and the US and ample supply keep downward pressure on nitrogen fertilizer costs for feed grain growers, though Brazilian port and logistics delays add some uncertainty.

## Read by commodity

- UREA: bearish ▼

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/urea-prices-slide-globally-with-lack-of-demand/

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