# Bearish Urea Outlook | CZ app

> Urea prices kept falling after India's August 9 tender, where about 3.4 million tonnes were offered against roughly 1.76 million tonnes bought. Pupuk Holding's Australia-bound sale fell to $392/t FOB from $414.50, and NOLA urea dropped about $25/st. China's July urea exports rose to 324,000 tonnes, with January-July exports up 52% year on year.

- Date: 2023-08-27 · published 2023-08-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34899-bearish-urea-outlook-cz-app
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Buyers now hold the upper hand as Chinese export supply returns and tender netbacks slide, which points to lower nitrogen costs for feed grain and forage production into the fall.

## Read by commodity

- CORN: neutral

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/bearish-urea-outlook/

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