# May '24 Aussie Farmer Fertilizer Focus - Urea

> StoneX reports that global urea prices have declined faster and earlier than expected, and the market has not yet entered its usual summer lull in demand. The analyst expects continued pressure from production, the return of Chinese exports and weak demand. Manufacturers may cut output for repairs, which could set a short-term floor.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9421-may-24-aussie-farmer-fertilizer-focus-urea
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Returning Chinese export supply and weak demand are pushing urea lower, but possible production cuts could limit the decline. Buyers should expect volatility around any supply disruptions.

## Read by commodity

- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2024-05-01 | 1 | -7.4% | -3.6 | Dated on the move date, it reports prices falling faster than expected, with the return of Chinese exports and weak demand adding pressure, which is consistent with continued selling. |
| UREA | 2024-04-30 | 1 | -7.4% | -3.6 | StoneX expects continued downward pressure from production, returning Chinese exports and weak demand, reinforcing bearish sentiment around the date of the drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-04-01 | [April '24 Aussie Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/4549-april-24-aussie-farmer-fertilizer-focus-phosphates.md) | -13.2% | -18.2% |
| UREA | 2026-05-20 | [Urea fertilizer price drops in May as cheaper alternatives found](https://feedsoft.ai/events/19581-urea-fertilizer-price-drops-in-may-as-cheaper-alternatives-found.md) | -2.8% | -30.6% |
| UREA | 2025-09-04 | [India’s Record Urea Tender Shakes Fertilizer Markets](https://feedsoft.ai/events/6878-india-s-record-urea-tender-shakes-fertilizer-markets.md) | -0.6% | -5.5% |
| 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% |
| UREA | 2025-09-01 | [India’s Urea Tender on 2 September to Shape Global Fertilizer Prices -](https://feedsoft.ai/events/6879-india-s-urea-tender-on-2-september-to-shape-global-fertilizer-prices.md) | -7.0% | -8.8% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/may-24-aussie-farmer-fertilizer-focus---urea-1494580/
- stonex.com: https://www.stonex.com/en-us/insights/may-24-farmer-fertilizer-focus---uan-1494058/

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