# PWNI sinks lower as North African urea producers accept lower fob prices to place May shipments

> The Profercy World Nitrogen Index fell in the week to April 23, 2021, as North African urea producers accepted lower fob prices for May shipments. Chinese prilled urea values rose slightly, and buyers await a possible Indian urea tender that may slip into early May.

- Date: 2021-04-23 · published 2021-04-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47546-pwni-sinks-lower-as-north-african-urea-producers-accept-lower-fob-prices-to
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower North African urea offers weigh on global nitrogen prices, though a firmer Chinese stance and a possible Indian tender could limit further declines.

## Read by commodity

- UREA: bearish ▼

## Sources

- profercy.com: https://www.profercy.com/insights/pwni-sinks-lower-as-north-african-urea-producers-accept-lower-fob-prices-to-place-may-shipments

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