# Sensing further weakness ahead, urea buyers step back from the market or lower bids

> The Profercy World Nitrogen Index fell for a third consecutive week as buyers reduced bids or stepped back, particularly in Brazil. Brazilian CFR urea values dropped about $25/t, and Indonesian granular urea was booked for September at $457.50/t FOB. US NOLA barge prices briefly fell to $400/st before recovering.

- Date: 2021-08-06 · published 2021-08-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45858-sensing-further-weakness-ahead-urea-buyers-step-back-from-the-market-or-lower
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Buyer retreat and sellers cutting offers point to continued softness in urea prices, which raises the cost outlook for fertilizer-dependent crops. Lower nitrogen costs could ease future grain production expenses over time.

## Read by commodity

- UREA: bearish ▼

## Sources

- profercy.com: https://www.profercy.com/sensing-further-weakness-ahead-urea-buyers-step-back-from-the-market-or-lower-bids/

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