# Urea Prices Keep On Falling On Low Demand In Europe, US And Brazil | CZ app

> Urea prices continue to fall on weak demand in Europe, the US and Brazil, with net-back prices below USD 300 FOB Arabian Gulf for most markets. Processed phosphate prices are also falling as China increases export volumes, with expectations of up to 7 million MT of DAP and MAP exports. An India urea tender is anticipated but has been delayed.

- Date: 2023-05-28 · published 2023-05-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4367-urea-prices-keep-on-falling-on-low-demand-in-europe-us-and-brazil-cz-app
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower fertilizer input costs improve feed-grain producers' margins over the medium term, while Chinese phosphate export volumes add supply pressure on phosphate prices.

## Read by commodity

- DAP: bearish ▼
- CORN: neutral
- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2023-06-02 | 5 | -20.9% | -3.7 | Weak demand in Europe, the US and Brazil pushed Middle East netbacks below $300 FOB, directly driving the urea price decline, while a delayed India tender removed support. |
| DAP | 2023-05-29 | 5 | -19.2% | -7.6 | Reports processed phosphate prices falling as China raises DAP/MAP exports (up to 7 million MT expected) amid weak demand, a direct supply-driven bearish driver. |
| UREA | 2023-05-30 | 5 | -21.5% | -4.5 | Urea prices kept falling on weak demand in Europe, the US and Brazil, with netbacks below $300 FOB Arabian Gulf and the India tender delayed, which explains the sharp 5-day decline. |
| UREA | 2023-05-25 | 1 | -14.1% | -13.8 | Weak demand in Europe, the US and Brazil, plus a delayed India tender, kept urea prices falling, though this was published after the move and mostly confirms the trend. |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/urea-prices-keep-on-falling-on-low-demand-in-europe-us-and-brazil/

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