# Urea Prices Again Under Pressure With The US Season Coming To A Halt

> Urea prices rose during the week mainly on production outages, including an unexplained shutdown at Petronas' Sipitang plant in Malaysia and scheduled maintenance at BFI in Brunei. Middle East urea rose about $30/t to $325-330 FOB. Buyers in the southern hemisphere are resisting higher prices ahead of expected Chinese export easing and Russian export increases.

- Date: 2023-04-23 · published 2023-04-23T12:00:00.000Z
- Category: market · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/36329-urea-prices-again-under-pressure-with-the-us-season-coming-to-a-halt
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher urea costs raise nitrogen input costs for corn and wheat, though expected Chinese and Russian supply increases could cap the rally. Feed buyers face mixed near-term cost pressure.

## Read by commodity

- CORN: neutral
- UREA: bullish ▲

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/urea-prices-again-under-pressure-with-the-us-season-coming-to-a-halt/

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