# Urea keeps falling; Phosphates and Potash expected to weaken too.

> Urea prices fell between $5 and $35 per tonne across major benchmark regions, with Middle East FOB approaching $330/t and Brazil dropping $35 to $315/t. Phosphate and potash prices in South Africa also rose week-on-week in rand terms, while urea is expected to weaken further amid oversupply.

- Date: 2023-02-17 · published 2023-02-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37642-urea-keeps-falling-phosphates-and-potash-expected-to-weaken-too
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Oversupply in urea and speculation of an earlier Indian tender point to continued downward pressure on nitrogen costs, although a tender could provide short-term support.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- POTASH: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/9063-urea-keeps-falling-phosphates-and-potash-expected-to-weaken-too

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