# Fertilizer Market Report – August 2, 2023 - Genesis Fertilizers

> Genesis Fertilizers reports urea prices rose in July, with Western Canada jumping about 22% in the last week and NOLA climbing each week. Argus data show global urea gained 10-15% in a week on Asia-Pacific and Nigerian supply cuts, with US barge prices up about US$66/t.

- Date: 2023-08-02 · published 2023-08-02T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34499-fertilizer-market-report-august-2-2023-genesis-fertilizers
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Rising urea prices driven by supply cuts and strong demand raise nitrogen input costs for grain and feed producers.

## Read by commodity

- UREA: bullish ▲

## Sources

- genesisfertilizers.com: https://genesisfertilizers.com/2023/08/03/fertilizer-market-report-august-2-2023/

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