# PWNI dips lower as European nitrates values correct

> The Profercy World Nitrogen Index fell about four points as European producers cut nitrates prices after gas prices stabilized. Urea was stable, with Middle East sales near $950/t fob and North African offers around $1,150/t fob, while buyers awaited an Indian tender.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/42134-pwni-dips-lower-as-european-nitrates-values-correct
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower European nitrates and a pending Indian tender point to softer near-term nitrogen prices, easing input costs for feed grain producers.

## Read by commodity

- UREA: bearish ▼

## Sources

- profercy.com: https://www.profercy.com/insights/pwni-dips-lower-as-european-nitrates-values-correct

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