# Falling ammonia prices bring relief at last to long-suffering buyers both sides of Suez

> The Tampa ammonia contract was cut by $200/t for May loadings by Yara and Mosaic, and a Middle East sale into Morocco was made at a steep discount. Industrial demand has softened, and an Indonesian Kaltim tender was scrapped after bids fell short of target prices.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6213-falling-ammonia-prices-bring-relief-at-last-to-long-suffering-buyers-both-sides
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Falling ammonia prices signal weaker feedstock costs for urea and other nitrogen products, which tends to pressure nitrogen fertilizer prices lower.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-05-04 | 5 | -19.6% | -3.8 | A $200/t Tampa ammonia cut and softer industrial demand lowered nitrogen input cost and sentiment, adding downward pressure on urea. |
| UREA | 2022-05-02 | 5 | -18.9% | -3.6 | A $200/t cut in the Tampa ammonia contract and softer industrial demand signal falling nitrogen input values, which pull urea lower. |
| UREA | 2022-04-28 | 1 | -14.3% | -5.9 | A $200/t cut in the Tampa ammonia contract and scrapped tenders signal weakening nitrogen demand and falling feedstock costs, which spill over into urea sentiment. |

## Sources

- profercy.com: https://www.profercy.com/falling-ammonia-prices-bring-relief-at-last-to-long-suffering-buyers-both-sides-of-suez/
- profercy.com: https://www.profercy.com/insights/falling-ammonia-prices-bring-relief-at-last-to-long-suffering-buyers-both-sides-of-suez

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