# Urea price drop globally unlikely to help Australian growers in the short term  | Queensland Country Life | QLD

> The Middle East urea price, Australia's main nitrogen source, has almost halved year on year to A$645/t in January. A mild European winter lowered gas costs, which fed through to Middle Eastern prices. Local Australian retail prices have not yet fallen, and analysts are unsure whether the drop will reach growers.

- Date: 2023-01-25 · published 2023-01-25T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/5864-urea-price-drop-globally-unlikely-to-help-australian-growers-in-the-short-term
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Global urea declines are not yet passing through to Australian farm input costs, so the market impact on local buyers is limited for now. Persistent retail prices keep fertilizer costs high for Australian crop producers.

## Read by commodity

- UREA: bearish ▼

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/8060742/global-urea-price-drop-unlikely-to-help-growers-in-the-short-term/

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