# Profercy World Nitrogen Index makes first decline in a month as urea values ease in slim trade

> The Profercy World Nitrogen Index fell 2.42 points to 119.98 this week, its first decline in a month, as urea values eased in the west and Middle East. Trade was thin after India's MMTC issued letters of intent for about 1.3m tonnes, and suppliers cleared remaining December availability.

- Date: 2020-12-11 · published 2020-12-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/49962-profercy-world-nitrogen-index-makes-first-decline-in-a-month-as-urea-values
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Softer urea values in key export regions mean lower nitrogen input costs for fertilizer buyers in the near term, though China is the exception with rising prices.

## Read by commodity

- UREA: bearish ▼

## Sources

- profercy.com: https://www.profercy.com/insights/profercy-world-nitrogen-index-makes-first-decline-in-a-month-as-urea-values-ease-in-slim-trade

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