# Egyptian urea producers drop offers to stimulate demand as markets continue downward trajectory

> Global urea prices kept falling, with the Profercy World Nitrogen Index down a seventh straight week to 117.61, a near nine-month low. US Gulf urea fell below $250/t CFR, and Egyptian producers cut prices to sell up to 100,000t.

- Date: 2019-02-22 · published 2019-02-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/60900-egyptian-urea-producers-drop-offers-to-stimulate-demand-as-markets-continue
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak nitrogen prices lower the cost of fertilizer inputs for feed grain production, but weak demand and ample supply signal continued pressure on urea values.

## Read by commodity

- CORN: neutral

## Sources

- profercy.com: https://www.profercy.com/insights/egyptian-producers-drop-offers-to-stimulate-demand-as-markets-continue-on-downward-trajectory

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