# Price of DAP falls to $ 553, Urea to $ 315 in global market

> DAP prices in the global market have dropped to $553/t from $640/t in February, after an Indian private company signed a deal with a Saudi company at the lower level. Urea prices have fallen to $315-325/t CFR. Industry sources cite greater global fertilizer availability and large-scale Chinese exports as the main drivers.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/36732-price-of-dap-falls-to-553-urea-to-315-in-global-market
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower phosphate and nitrogen input costs ease the cost of fertilizer for crop producers, which can support planting economics. Continued Chinese export flows point to ample supply that may keep prices subdued.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2023-05-01 | 5 | -11.9% | -4.1 | Global DAP benchmark fell to $553/t from $640/t after a large Indian-Saudi deal at lower levels, with more supply and heavy Chinese exports, directly explaining the price drop. |
| UREA | 2023-05-03 | 1 | -4.0% | -3.4 | Urea falling to $315-325/t CFR on greater global availability and large Chinese exports shows the bearish supply-driven trend behind the one-day decline, though it was published before the move. |

## Sources

- eng.ruralvoice.in: https://eng.ruralvoice.in/national/price-of-dap-falls-to-553-dollar-urea-to-315-dollar-in-global-market.html

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