# New-season nitrogen prices announced at just over £300/t - Farmers Weekly

> New-season UK nitrogen prices opened at about £310-£340/t for May-October delivery, the lowest since 2021. Limited European export availability and falling natural gas futures, which dropped 67% since the start of 2023, are key factors.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/4369-new-season-nitrogen-prices-announced-at-just-over-300-t-farmers-weekly
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Falling gas and nitrogen costs lower production costs for European fertilizer and grain, and reduce pressure on feed grain input prices.

## Read by commodity

- UREA: bearish ▼
- NATGAS: bearish ▼

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/input-prices/new-season-nitrogen-prices-announced-at-just-over-300-t

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