# A quiet week for fertilizer markets sees prices largely unchanged.

> A weekly South African fertilizer price report says prices were largely unchanged in the week to 2 March 2023. Urea trading slowed ahead of an Indian tender for about 1 million tons, with urea near $335/t after falling roughly 20% in a month. Nitrogen products drifted lower in line with urea.

- Date: 2023-03-03 · published 2023-03-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37184-a-quiet-week-for-fertilizer-markets-sees-prices-largely-unchanged
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

The Indian tender is the key near-term signal for global urea. A bounce could be modest toward $350-360/t, while oversupply could push prices toward $300/t, which lowers input costs for grain and feed producers.

## Read by commodity

- UREA: bearish ▼

## Sources

- farmingportal.co.za: http://www.farmingportal.co.za/index.php/agri-index/68-crops/9108-a-quiet-week-for-fertilizer-markets-sees-prices-largely-unchanged

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