# Oversupply Weakens Global Ammonia Prices

> Global ammonia prices weakened in May amid oversupply from new production, with the Tampa June contract down $17 to $220/mt CFR, the lowest since summer 2017. Ukrainian Yuzhnyy FOB levels fell to $210-215 from $235-240 in late April, while Malaysian producers sold at $265 FOB to some buyers.

- Date: 2019-06-14 · published 2019-06-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/58900-oversupply-weakens-global-ammonia-prices
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower ammonia costs reduce nitrogen fertilizer expenses for corn growers, but delayed planting and weak demand may cut sidedress applications, weighing on fertilizer demand and sentiment.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/06/14/oversupply-weakens-global-ammonia

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