# Global urea prices take a tumble but a smaller discount at local retail level | Farm Weekly | WA

> Global urea prices fell about 11% during May 2022, from $1246/t to $1106/t according to Thomas Elder Markets modelling. Slowing demand, lower gas prices and China's scheduled return to the market drove the decline. Retail urea in Australia eased only about half as much, from $1270/t to roughly $1200/t.

- Date: 2022-05-26 · published 2022-05-26T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/9831-global-urea-prices-take-a-tumble-but-a-smaller-discount-at-local-retail-level
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower global urea costs point to cheaper nitrogen inputs ahead of the top-dressing season, though the retail lag limits relief for growers. Cheaper nitrogen supports corn and grain margins over time, but the effect on feed prices is indirect.

## Read by commodity

- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-06-01 | 5 | -17.1% | -2.9 | Global urea fell about 11% in May on slowing demand, lower gas prices and China's expected return to exports, explaining downward pressure. |
| UREA | 2022-05-27 | 1 | -9.5% | -3.5 | Global urea prices fell about 11% in May as demand slowed, gas prices eased and China's return to the market was expected, giving supply- and demand-side reasons for the decline. |
| UREA | 2022-05-26 | 1 | -9.5% | -3.9 | Global urea prices fell about 11% in May on slowing demand, lower gas prices and China's expected return to exports, which are supply and demand factors consistent with the sell-off. |

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/7753021/urea-prices-take-a-tumble/

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