# Sufficient Supply and Weak Demand Drives Down Global Urea Prices

> Global urea prices are declining as supply rises heading into 2023, following the easing of the Russia-Ukraine crisis. FOB Middle East prices fell about 7%, U.S. urea dropped roughly 6% weekly, and Chinese prices fell about 2%.

- Date: 2022-12-20 · published 2022-12-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38529-sufficient-supply-and-weak-demand-drives-down-global-urea-prices
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Falling nitrogen prices lower input costs for feed grain production over the coming season, but weak agricultural demand and new capacity point to continued downward pressure.

## Read by commodity

- UREA: bearish ▼

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/sufficient-supply-and-weak-demand-drives-down-global-urea-prices-13002

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