# Global nitrogen values have declined close to pre-gas crisis levels

> Global urea prices have fallen since September 2022 and are now near Q2 2021 levels, with producers struggling to build order books this year. Arab Gulf fob values dropped from $720/t to below $400/t, and Egyptian prices fell from $900/t to $430/t.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38091-global-nitrogen-values-have-declined-close-to-pre-gas-crisis-levels
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Ample nitrogen availability and weak Indian tender demand point to continued downward pressure on fertilizer costs, which lowers production costs for feed grain growers over time.

## Read by commodity

- UREA: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/global-nitrogen-values-have-declined-close-to-pre-gas-crisis-levels/

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