# Market Insight - BC Insight

> Argus reports that urea prices rose in mid-June 2023 as traders sought cargoes, with granular urea deals at $260-280/t f.o.b. Baltic, $312-335/t f.o.b. Egypt, $253-280/t f.o.b. Middle East and $308-310/t f.o.b. China. Ammonium sulphate and UAN stayed weak, and ammonia spot activity was limited by EU import duty uncertainty and volatile European gas prices.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9263-market-insight-bc-insight
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Fertilizer costs feed into feed grain production economics and farm input budgets, so rising nitrogen prices tied to energy costs can support ingredient prices over time.

## Read by commodity

- UREA: bullish ▲

## Sources

- bcinsight.crugroup.com: https://www.bcinsight.crugroup.com/2023/07/31/market-insight-10/

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