# Urea Prices Continue to Drift Downward in the Global Market

> Global urea prices drifted lower in the week to early April, with Middle East urea falling $10/t to near $300/t. Producers have secured April sales, and analysts expect downward pressure to resume after current contract deliveries finish.

- Date: 2023-04-03 · published 2023-04-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36704-urea-prices-continue-to-drift-downward-in-the-global-market
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower nitrogen prices reduce production costs for grain and feed crops and signal weak fertilizer demand, supporting bearish fertilizer pricing.

## Read by commodity

- UREA: bearish ▼

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/urea-prices-continue-to-drift-downward-in-the-global-market-16920

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