Urea Prices Surge Above $700/Ton as Middle East Conflict Disrupts Global Fertilizer Markets
By
burnt-resistor
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
Urea futures have surged above $700 per tonne, reaching their highest level since October 2022, with prices up more than 70% this year. The spike is driven by Middle East conflict disrupting global fertilizer markets, causing natural gas price increases (a key urea production input) and restricting shipments through the Strait of Hormuz. Gulf Cooperation Council countries supply about a quarter of global urea exports, adding to supply concerns. Specific data shows urea at $708/T on April 7, 2026, with 21.13% monthly and 82.71% yearly increases.
Key quotes
· 4 pulledUrea futures rose above $700 per tonne, the highest since October 2022, and are more than 70% higher this year
The conflict has driven a sharp spike in natural gas prices, a key input for urea production, and restricted flows through the Strait of Hormuz, which handles about a third of global fertilizer shipments
Gulf Cooperation Council members, including Saudi Arabia, Qatar, and Oman, supply roughly a quarter of global urea exports, adding to concerns
Urea rose to 708 USD/T on April 7, 2026, up 0.96% from the previous day. Over the past month, Urea's price has risen 21.13%, and is up 82.71% compared to the same time last year
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