# Urea Prices Plunge Across the Globe as Demand Continues to Remain Sluggish

> Large granular urea fell about 10% in Europe, the US and the Middle East as traders and producers pushed to secure sales. Asian prices eased less, held back by weak Southeast Asian orders and high Chinese domestic prices. Demand remained weak in February, and traders' sentiment stayed negative.

- Date: 2023-02-21 · published 2023-02-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5685-urea-prices-plunge-across-the-globe-as-demand-continues-to-remain-sluggish
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Oversupply and sluggish buying are pressuring global urea prices lower, which reduces nitrogen input costs for fertilizer buyers. Prices may stay under pressure until India's expected tender and seasonal demand arrive.

## Read by commodity

- UREA: bearish ▼

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/urea-prices-plunge-across-the-globe-as-demand-continues-to-remain-sluggish-15511

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