# Lacklustre Downstream Demand Slumps Urea Prices in USA and Europe

> Urea prices fell further in June 2023 in the USA and Europe, with US FOB prices down 8.4% month on month. Russian urea also declined, with FOB prices down 2.1% and German FD prices down 2%. Weak downstream demand, surplus material and lower ammonia and natural gas costs were cited as the main drivers.

- Date: 2023-07-11 · published 2023-07-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35358-lacklustre-downstream-demand-slumps-urea-prices-in-usa-and-europe
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Cheaper nitrogen reduces the input cost of corn and other crops, which can ease pressure on farm margins and feed-grain costs. The downtrend reflects surplus supply and soft demand, so it points to continued bearish pressure on urea prices.

## Read by commodity

- UREA: bearish ▼

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/lacklustre-downstream-demand-slumps-urea-prices-in-usa-and-europe-18841

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