# Ballance drops urea price

> Ballance Agri Nutrients in New Zealand cut urea by $250/tonne to $1,239 and DAP by $155/tonne to $1,370, and reduced SOA by $30/tonne to $712. The company said it had misread international signals when it raised prices in late January. It noted that nutrient prices had been volatile over the past year because of strong Indian and Chinese demand and tight supply.

- Date: 2022-02-09 · published 2022-02-09T12:00:00.000Z
- Category: market · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/43006-ballance-drops-urea-price
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

The reduction reflects softer international nitrogen and phosphate pricing as the market adjusts after a sharp run-up. Lower New Zealand delivered prices could ease feed and forage input costs for local farmers.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/markets/ballance-drops-urea-price/

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