# Is 2020 really proving to be a bad year for the urea market?

> Profercy reports India's urea sales rose 66% in Q2 2020 to 6.5m tonnes and 31% in the first half. Australian urea imports rose 40% in January-May, and Brazilian and European imports also grew. Prices fell 11-12% year on year in several regions as natural gas costs declined.

- Date: 2020-07-10 · published 2020-07-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52426-is-2020-really-proving-to-be-a-bad-year-for-the-urea-market
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Strong import demand combined with low gas-based production costs keeps urea supply ample but demand firm, leaving nitrogen prices supported at current levels.

## Read by commodity

- UREA: neutral

## Sources

- profercy.com: https://www.profercy.com/insights/is-2020-really-proving-to-be-a-bad-year-for-the-urea-market

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