# Sharp rebound in Urea raises questions over fertilizer prices bottoming out.

> Urea prices jumped about 11% week-on-week at benchmark points worldwide in the week to 29 June, with South African urea granular rising to R6,556 from R5,910. Middle East prices rose nearly $30/t and Egypt saw large increases on spot sales into Europe, though trade was limited by the Eid al-Adha holiday.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/35799-sharp-rebound-in-urea-raises-questions-over-fertilizer-prices-bottoming-out
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Producers with improved recent sales pushed prices higher even though the market remains oversupplied, so feed buyers should expect volatile nitrogen costs that could feed through to grain production economics. The rebound raises doubts that fertilizer prices have bottomed.

## Read by commodity

- UREA: bullish ▲

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/9593-sharp-rebound-in-urea-raises-questions-over-fertilizer-prices-bottoming-out

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