# Urea prices drop by $650 a tonne over the past year | Farm Weekly | WA

> Spot urea prices have fallen by about $650/t over the past year, from a peak in the mid-$900s in March 2022. CSBP's general manager says the market shows clear deflation and is normalising as gas supply recovers and China returns to trade.

- Date: 2023-02-07 · published 2023-02-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37632-urea-prices-drop-by-650-a-tonne-over-the-past-year-farm-weekly-wa
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Normalising gas supply and renewed Chinese exports are removing the scarcity premium from urea, supporting lower nitrogen costs for feed-grain growers. The trend suggests prices will stay soft unless new supply shocks occur.

## Read by commodity

- UREA: bearish ▼

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/8077163/big-price-drop-for-urea/

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