# Global urea prices drop to almost pre-war levels -  Premium

> Global urea prices have fallen since September 2022 and are near pre-war levels, with Egyptian urea down from about €855/t to €385/t. Ammonia prices have dropped back to late-2021 levels as European gas prices normalised. Bulk freight rates have also fallen to near pre-COVID levels.

- Date: 2023-02-01 · published 2023-02-01T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/37631-global-urea-prices-drop-to-almost-pre-war-levels-premium
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower gas costs and ample supply point to cheaper nitrogen for spring applications, reducing farm input costs. Buyers are holding off purchases while prices fall, which adds further downward pressure.

## Read by commodity

- UREA: bearish ▼
- NATGAS: bearish ▼

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/agribusiness/news/global-urea-prices-drop-to-almost-pre-war-levels-747287

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