# Urea Falls Further to 19-Month Low — TradingView News

> Urea futures fell to $415 per tonne, the lowest since June 2021, as farmers had ample supply and large inventories. Cheaper European natural gas allowed manufacturers to restart production, and India bought discounted Russian fertilizer.

- Date: 2023-01-30 · published 2023-01-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38092-urea-falls-further-to-19-month-low-tradingview-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower urea prices reduce input costs for corn and other grain producers, with downside pressure continuing while supply remains ample and demand is subdued.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼

## Sources

- tradingview.com: https://www.tradingview.com/news/te_news:366019:0-urea-falls-further-to-19-month-low/

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