# Lack of Demand, Plentiful Supply Push Down Fertiliser Prices | CZ app

> India's RCF urea tender offered about 3.1 million tonnes, with Middle East urea rumoured near USD 325/tonne FOB and Russian prilled urea near USD 270/tonne FOB. Chinese urea is expected to return to export markets in late May and early June, with second-half exports estimated around 4 million tonnes.

- Date: 2024-04-02 · published 2024-04-02T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4548-lack-of-demand-plentiful-supply-push-down-fertiliser-prices-cz-app
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Heavy offered volumes from India, Russia, the Middle East and China, plus lower Indian imports as domestic output rises, point to weaker urea prices in the coming months.

## Read by commodity

- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2024-04-02 | 5 | -12.6% | -3.0 | The large RCF tender offer volume, low Middle East and Russian FOB price talk, and expected return of Chinese exports point to weak demand and plentiful supply, pushing prices down. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-06-23 | [Fertilizer prices fall on slow demand, Chinese exports and Iran - Nikkei Asia](https://feedsoft.ai/events/19114-fertilizer-prices-fall-on-slow-demand-chinese-exports-and-iran-nikkei-asia.md) | -2.1% | -1.4% |
| UREA | 2023-07-04 | [Fertiliser prices fall, firms to expand exports](https://feedsoft.ai/events/35356-fertiliser-prices-fall-firms-to-expand-exports.md) | +2.6% | +37.6% |
| UREA | 2021-08-05 | [Fertilizer prices stabilise after boom](https://feedsoft.ai/events/45871-fertilizer-prices-stabilise-after-boom.md) | +1.4% | +8.5% |
| UREA | 2024-11-11 | [India Tender Pushes Urea Prices Lower \| CZ app](https://feedsoft.ai/events/27320-india-tender-pushes-urea-prices-lower-cz-app.md) | +0.5% | +1.3% |
| UREA | 2026-08-14 | [Urea price decline accelerates to $386/t as China quota releases and Hormuz talks ease supply fears — Fertilizer Daily](https://feedsoft.ai/events/18190-urea-price-decline-accelerates-to-386-t-as-china-quota-releases-and-hormuz.md) | -0.4% | +14.3% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/lack-of-demand-plentiful-supply-push-down-fertiliser-prices/

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