# Nola urea values fall to 18-month lows with international market sentiment negative

> US Gulf (NOLA) granular urea barges fell to about $215 per short ton fob, the lowest in 18 months, before a small rebound to $220. Prices have dropped more than $35 since late September as suppliers cut offers to find buyers in the off-season. Competition for Indian tender business has been intense, with China taking close to half of recent tenders.

- Date: 2019-10-25 · published 2019-10-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/56505-nola-urea-values-fall-to-18-month-lows-with-international-market-sentiment
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Weak international sentiment and aggressive offers from suppliers point to continued softness in US nitrogen prices heading into the off-season. Lower fertilizer costs can help feed-grain margins for buyers.

## Read by commodity

- UREA: bearish ▼

## Sources

- profercy.com: https://www.profercy.com/insights/nola-urea-values-fall-to-18-month-lows-with-international-market-sentiment-negative

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