# Fertiliser Focus – 4th November 2019 - COFCO

> Urea markets remain weak after India bought 1.2M tonnes in a recent MMTC tender, with short-term supply not seen as a constraint. Chinese return to the export market and a stronger US dollar have kept global urea prices soft, and UK buyers are delaying purchases due to weather.

- Date: 2019-11-04 · published 2019-11-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56381-fertiliser-focus-4th-november-2019-cofco
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Soft global prices and a firmer dollar weigh on urea costs for feed and fertilizer buyers. Delayed European and UK buying could build demand later, but current pressure remains bearish.

## Read by commodity

- UREA: bearish ▼
- USDCNY: neutral

## Sources

- uk.cofcointernational.com: https://uk.cofcointernational.com/fertiliser-focus-4th-november-2019/

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