# Global nitrogen values have declined close to pre-gas crisis levels

> Global urea prices have declined since September 2022 and are now near Q2 2021 levels. Producers in the Arab Gulf and Egypt have struggled to find buyers, with Arab Gulf FOB falling from $720/t to below $400/t. Weak demand, especially from India, has left most exporting regions with ample February availability.

- Date: 2023-01-27 · published 2023-01-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5863-global-nitrogen-values-have-declined-close-to-pre-gas-crisis-levels
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Sustained fob declines reduce nitrogen costs for corn and other feed grain producers. Lack of Indian demand is the main reason prices are not recovering.

## 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 | Describes Arab Gulf and Egyptian producers struggling to find buyers, FOB prices falling from $720/t to below $400/t, and weak Indian demand leaving ample February supply, a direct supply-demand driver of the sharp drop. |

## Sources

- profercy.com: https://www.profercy.com/insights/global-nitrogen-values-have-declined-close-to-pre-gas-crisis-levels

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