# Urea prices to boost Abu Qir Fertilisers profitability in 2018: report – Dailynewsegypt

> Pharos Research says urea rallied in Q2 FY2017/18 on supply shocks from US natural disasters and reduced Chinese production. It forecasts urea averaging $247/t for calendar 2018 as excess supply returns.

- Date: 2018-01-27 · published 2018-01-27T12:00:00.000Z
- Category: report · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/67292-urea-prices-to-boost-abu-qir-fertilisers-profitability-in-2018-report
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

The forecast of easing urea prices through 2018 suggests a softer nitrogen cost outlook for fertilizer buyers after the recent rally.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-12-17 | [International Fertilizer Price Report: Nov 2023 Updates and Analysis -](https://feedsoft.ai/events/33042-international-fertilizer-price-report-nov-2023-updates-and-analysis.md) | +1.6% | +2.4% |
| UREA | 2024-01-28 | [India notified trend of average International prices of fertilisers upto Dec 2023 -](https://feedsoft.ai/events/32432-india-notified-trend-of-average-international-prices-of-fertilisers-upto-dec.md) | -1.4% | +0.1% |
| UREA | 2024-04-03 | [Fertilizer Market Insights: Planting Report, YTD Urea NOLA Prices, Indian Tender Results, North American Price - Genesis Fertilizers](https://feedsoft.ai/events/5303-fertilizer-market-insights-planting-report-ytd-urea-nola-prices-indian-tender.md) | -7.2% | -7.9% |
| UREA | 2023-10-01 | [Global prices for fertilizers returned to 2021 levels in 2023 after surging in 2022 )](https://feedsoft.ai/events/34027-global-prices-for-fertilizers-returned-to-2021-levels-in-2023-after-surging-in.md) | 0.0% | -8.3% |
| UREA | 2023-01-26 | [AgriMarketing.com - DTN Reports Fertilizer Prices Have Fallen To Their Lowest Level In 15 Months](https://feedsoft.ai/events/5868-agrimarketing-com-dtn-reports-fertilizer-prices-have-fallen-to-their-lowest.md) | -15.2% | -20.7% |

## Sources

- dailynewsegypt.com: https://dailynewsegypt.com/2018/01/27/urea-prices-boost-abu-qir-fertilisers-profitability-2018-report/

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