# Sharp gains in Egypt and AG drive PWNI up by over six points

> Urea prices rose sharply in the Arab Gulf and Egypt, with Egypt up to $30/t and reaching $400/t fob for the first time since mid-March. Suppliers in Brazil were targeting $415/t cfr and above, while Chinese suppliers held firm ahead of an RCF tender and an Indian tender for about 1 million tonnes was anticipated.

- Date: 2021-05-21 · published 2021-05-21T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47022-sharp-gains-in-egypt-and-ag-drive-pwni-up-by-over-six-points
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Tightening urea supply from producer stock depletion and expected Indian import demand supports higher nitrogen input costs for feed grain producers, with upward pressure on fertilizer-linked production costs.

## Read by commodity

- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-05-27 | 1 | +6.0% | 7.7 | Sharp gains in Egypt and the Arab Gulf, with Egypt at $400/t fob, firm Chinese offers and an anticipated large Indian tender, set up the demand-driven rally leading into the move. |

## Sources

- profercy.com: https://www.profercy.com/insights/sharp-gains-in-egypt-and-ag-drive-pwni-up-by-over-six-points

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