# Urea plummets as buying interest remains minimal.

> Urea prices fell sharply in most regional markets as oversupply forced producers to cut prices, with the Middle East FOB dropping almost 10% to about $390/t. US prices slid as producers with large stocks sold, and the next Indian tender is expected no earlier than February.

- Date: 2023-01-27 · published 2023-01-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38094-urea-plummets-as-buying-interest-remains-minimal
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Oversupply and delayed Indian tender demand are pushing fertilizer prices lower, with analysts expecting further short-term declines before a possible rebound.

## Read by commodity

- UREA: bearish ▼

## Sources

- farmingportal.co.za: http://www.farmingportal.co.za/index.php/agri-index/68-crops/8985-urea-plummets-as-buying-interest-remains-minimal

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