# Nitrogen prices drop close to a $1000/t on last year's peaks | Farm Online | ACT

> Australian urea prices have fallen about 57% from peaks above $1,600 a tonne last year, with current port prices near $680 a tonne. Analyst Andrew Whitelaw said lower gas prices and weaker demand brought the grain needed to buy a tonne of urea back toward historical norms. Phosphorus prices did not spike to the same extent.

- Date: 2023-03-15 · published 2023-03-15T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/37196-nitrogen-prices-drop-close-to-a-1000-t-on-last-year-s-peaks-farm-online-act
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower nitrogen costs ease input pressure on Australian winter crop growers and may allow higher fertilizer rates, supporting crop output. Feed buyers may see steadier grain supply from Australia as cost pressure eases.

## Read by commodity

- UREA: bearish ▼

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8121607/urea-prices-plummet-almost-1000-per-tonne-from-peak/

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