# Big global supplies weigh on urea prices :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)

> US urea prices at the Gulf dropped $17 to just below $180 per ton amid a world market with many sellers and few buyers. Retail ammonia and urea costs were steady to lower, and Indian tender results added to the pressure.

- Date: 2017-04-27 · published 2017-04-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71442-big-global-supplies-weigh-on-urea-prices-content-tap-oan-hoa-chat-viet-nam
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy global urea supply and weaker Gulf prices point to lower nitrogen input costs into summer, easing farm margins for corn growers.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼

## Sources

- vinachem.com.vn: https://www.vinachem.com.vn/articles/market-and-product-vnc/big-global-supplies-weigh-on-urea-prices.html

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