# Nutrient prices converge as Urea takes another huge leap up, while Potash sees a large reduction.

> Urea prices made another large jump in the week, with Middle East urea up almost $100 per tonne on European buying and the announcement of the next Indian tender. Potash saw a large reduction, and the stronger rand lifted South African import parity costs of urea about 18%.

- Date: 2022-09-05 · published 2022-09-05T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/39892-nutrient-prices-converge-as-urea-takes-another-huge-leap-up-while-potash-sees-a
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Expected Indian tender demand and European gas-driven supply cuts support nitrogen prices heading into Q4 buying, raising input costs for feed grain producers.

## Read by commodity

- UREA: bullish ▲
- POTASH: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/all-agri-news/news-of-the-day/8436-nutrient-prices-converge-as-urea-takes-another-huge-leap-up-while-potash-sees-a-large-reduction

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