# Urea values dip following conclusion of latest Indian inquiry

> Urea values eased after India's latest RCF purchasing inquiry booked 874,000 tonnes, below its 1 million tonne target. Buyers in Europe, Brazil and the US Gulf stepped back, and US Gulf barge prices fell about $65 per ton from the prior week's highs.

- Date: 2022-09-23 · published 2022-09-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39890-urea-values-dip-following-conclusion-of-latest-indian-inquiry
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Softer urea demand from India and offseason buyers reduces near-term nitrogen price pressure, though expected return of Indian tenders could support prices later.

## Read by commodity

- UREA: bearish ▼

## Sources

- profercy.com: https://www.profercy.com/insights/urea-values-dip-following-conclusion-of-latest-indian-inquiry

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