# OCI: Egypt urea use rate at 100% | World Fertilizer

> OCI's 1Q17 trading update reported own-produced fertilizer volumes up 13.3% year on year, with Egypt urea plants running near 100% use. Iowa Fertilizer Company started production in April, and the Natgasoline project is expected to start commercial production in 4Q17.

- Date: 2017-05-25 · published 2017-05-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71306-oci-egypt-urea-use-rate-at-100-world-fertilizer
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher output from Egypt and new Iowa capacity increases nitrogen supply, which adds downward pressure on urea prices and lowers fertilizer costs for grain and feed producers.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼

## Sources

- worldfertilizer.com: https://www.worldfertilizer.com/nitrogen/25052017/oci-egypt-urea-use-rate-at-100/

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