# Urea Falls to 16-Month Low — TradingView News

> Urea fell to about $480 per tonne, its lowest since September 2021, as ample supply and large inventories limited demand. Cheaper European natural gas after a mild winter let manufacturers restart production, and India bought discounted Russian fertilizer. Prices remain far below the record $1,050 reached in April.

- Date: 2023-01-24 · published 2023-01-24T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5861-urea-falls-to-16-month-low-tradingview-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cheaper nitrogen inputs lower the cost of fertilizing corn and wheat, easing pressure on feed grain production costs. The price drop is tied to gas costs and weak demand, pointing to continued softness in urea.

## Read by commodity

- UREA: bearish ▼
- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2023-01-27 | 1 | -9.6% | -5.7 | Documents urea at a 16-month low from ample supply, large inventories, and cheaper European gas restarting production, which built bearish sentiment ahead of the drop. |

## Sources

- tradingview.com: https://www.tradingview.com/news/te_news:365553:0-urea-falls-to-16-month-low/

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