# Big leap in the Rand wipes out the drop in urea and pushes other nutrient prices up.

> Indian urea tender delays and weak seasonal Q2 demand pushed international urea prices lower, with producers cutting prices to keep sales moving. Chinese urea became available in small volumes, raising expectations of larger Chinese exports. A stronger South African rand offset the urea drop locally and lifted other nutrient prices in rand terms.

- Date: 2022-05-01 · published 2022-05-01T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/6217-big-leap-in-the-rand-wipes-out-the-drop-in-urea-and-pushes-other-nutrient
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A delayed Indian tender and possible Chinese export easing point to lower global urea prices, while currency moves can change local nutrient costs for South African buyers.

## Read by commodity

- UREA: bearish ▼
- USDZAR: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-05-04 | 5 | -19.6% | -3.8 | Delayed Indian tenders and weak seasonal Q2 demand led producers to cut prices, while small volumes of Chinese urea raised expectations of larger exports, adding to supply. |
| UREA | 2022-05-02 | 5 | -18.9% | -3.6 | Indian tender delays, weak seasonal Q2 demand, producers cutting prices, and expected Chinese export volumes pushed international urea lower. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-11-18 | [Urea takes a big knock on the back of the latest Indian tender, other nutrients stay flat.](https://feedsoft.ai/events/38994-urea-takes-a-big-knock-on-the-back-of-the-latest-indian-tender-other-nutrients.md) | -2.4% | -11.8% |
| UREA | 2024-03-30 | [Indian Tender pushes Urea prices down.](https://feedsoft.ai/events/5304-indian-tender-pushes-urea-prices-down.md) | -13.2% | -18.2% |
| UREA | 2024-11-11 | [India Tender Pushes Urea Prices Lower \| CZ app](https://feedsoft.ai/events/27320-india-tender-pushes-urea-prices-lower-cz-app.md) | +0.5% | +1.3% |
| UREA | 2023-10-27 | [Indian tender pushes urea prices down; Phosphates and Potash prices unmoved.](https://feedsoft.ai/events/33539-indian-tender-pushes-urea-prices-down-phosphates-and-potash-prices-unmoved.md) | -4.8% | -8.8% |
| UREA | 2026-10-08 | [Urea Prices Drop in India as China Reshapes Fertilizer Markets Across the Americas](https://feedsoft.ai/events/658-urea-prices-drop-in-india-as-china-reshapes-fertilizer-markets-across-the.md) | +2.3% | +2.6% |

## Sources

- farmingportal.co.za: https://farmingportal.co.za/index.php/farming-news/international-news/7864-big-leap-in-the-rand-wipes-out-the-drop-in-urea-and-pushes-other-nutrient-prices-up

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