# International Nitrogen prices drop rapidly as the stronger Rand helps local prices for Phosphates and Potash.

> Urea prices in South Africa fell about 9.5% week-on-week as producers cut prices amid an oversupplied market and minimal buyer interest. Indian urea stocks are high and the government is delaying its tender, while European and US demand is quiet with natural gas at 12-month lows.

- Date: 2023-01-13 · published 2023-01-13T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38095-international-nitrogen-prices-drop-rapidly-as-the-stronger-rand-helps-local
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Global nitrogen oversupply and delayed Indian demand signal lower fertilizer input costs, though a spring refill could offer some support later.

## Read by commodity

- UREA: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/farming-news/south-africa/8927-international-nitrogen-prices-drop-rapidly-as-the-stronger-rand-helps-local-prices-for-phosphates-and-potash

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