# Urea fertiliser price dive is a win for farmers and shoppers - ABC News

> Urea prices have fallen sharply from 2022 record highs, now worth about a third of last year's level and back to pre-invasion levels, per CRU analyst Chris Lawson. Benchmarks dropped from above $1,000/t to below $300/t over the past year, with Russia still exporting ample supply.

- Date: 2023-04-29 · published 2023-04-29T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36703-urea-fertiliser-price-dive-is-a-win-for-farmers-and-shoppers-abc-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheaper nitrogen lowers farmers' input costs and may support corn and feed grain acreage economics, while the price floor is nearing. Downward pressure on urea reduces cost pressure on grain production.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼

## Sources

- abc.net.au: https://www.abc.net.au/news/2023-04-29/falling-urea-prices-a-win-for-famers-and-shoppers/102276888

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