# Forecasts for urea prices are subdued, having already dropped 36pc this year. | Farm Weekly | WA

> Fertiliser prices in Australia continue to fall, with urea down 36% in the first quarter of 2023 and DAP down 15%. Rabobank analyst Vitor Pistoia said the price surge from the Russia-Ukraine war has passed, and farmers delaying purchases are weighing on demand.

- Date: 2023-04-10 · published 2023-04-10T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/5938-forecasts-for-urea-prices-are-subdued-having-already-dropped-36pc-this-year
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Weak Australian demand and falling prices reflect a market that is unwinding the war-driven spike, which keeps downward pressure on nitrogen and phosphate costs. Delayed buying could eventually tighten supply if demand returns quickly.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/8153932/when-is-the-right-time-to-buy-urea/

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