# Q2 Outlook for all fertilizer prices suggests further declines are in store.

> Urea producers are acknowledging that lower prices are inevitable as oversupply worsens, with spot sales largely absent. US urea prices dropped $15/t and Middle East FOB fell $5/t to break below $300/t, and the next Indian tender is not expected until mid-Q2.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5526-q2-outlook-for-all-fertilizer-prices-suggests-further-declines-are-in-store
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Persistent urea oversupply and weak spot demand point to further nitrogen fertilizer price declines into Q2, lowering input costs for feed grain production.

## Read by commodity

- UREA: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/9226-q2-outlook-for-all-fertilizer-prices-suggests-further-declines-are-in-store
- farmingportal.co.za: http://www.farmingportal.co.za/index.php/agri-index/68-crops/9226-q2-outlook-for-all-fertilizer-prices-suggests-further-declines-are-in-store

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