# Commodity prices declined further in March—Pink Sheet

> The World Bank's Pink Sheet reported that March 2023 fertilizer prices fell 3.6%, led by urea down 12.3% and MOP down 8.8%. Agricultural prices eased 1.6% and energy prices declined 6.3% over the month.

- Date: 2023-04-07 · published 2023-04-07T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/36707-commodity-prices-declined-further-in-march-pink-sheet
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Broad declines in fertilizer and agricultural prices point to easing input costs and softer feed grain pricing pressure, reinforcing a bearish fertilizer outlook.

## Read by commodity

- UREA: bearish ▼
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-12-01 | [Urea forecast suggests short-term price declines, but recover later](https://feedsoft.ai/events/10282-urea-forecast-suggests-short-term-price-declines-but-recover-later.md) | -2.0% | -5.1% |
| UREA | 2023-04-08 | [Global Fertilizer Price Updates: March’ 2023 -](https://feedsoft.ai/events/5937-global-fertilizer-price-updates-march-2023.md) | +8.3% | +8.3% |
| UREA | 2023-04-13 | [Latest Data Shows Drop in Fertilizer Prices - MiningNewsWire](https://feedsoft.ai/events/5939-latest-data-shows-drop-in-fertilizer-prices-miningnewswire.md) | +0.6% | +2.8% |
| UREA | 2025-01-15 | [Fertilizer prices stabilize amid lower input costs and trade shifts](https://feedsoft.ai/events/26436-fertilizer-prices-stabilize-amid-lower-input-costs-and-trade-shifts.md) | +0.9% | +14.3% |
| UREA | 2023-01-26 | [AgriMarketing.com - DTN Reports Fertilizer Prices Have Fallen To Their Lowest Level In 15 Months](https://feedsoft.ai/events/5868-agrimarketing-com-dtn-reports-fertilizer-prices-have-fallen-to-their-lowest.md) | -15.2% | -20.7% |

## Sources

- blogs.worldbank.org: https://blogs.worldbank.org/en/opendata/commodity-prices-declined-further-march-pink-sheet

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