Global fertilizer prices surge, urea prices up 2.5% to $720

Global fertilizer prices are increasing due to rising natural gas costs and ongoing logistical bottlenecks in the Middle East.

Granular urea prices rose 2.5% on Wednesday, as of 1300GMT, to $720 per ton as shipping routes across the Strait of Hormuz remained limited.

Urea prices increased around 86% from the begining of this year.

Energy costs account for approximately 60% of nitrogen fertilizer production, and recent volatility in gas markets continues to drive prices higher.

These rising input costs are expected to tighten margins for farmers and could influence planting decisions for the upcoming harvest season.

High prices persist as leading exporters like China and Russia maintain tight controls on shipments to ensure domestic supply.

Global fertilizer prices are increasing due to rising natural gas costs and ongoing logistical bottlenecks in the Middle East.

Granular urea prices rose 2.5% on Wednesday, as of 1300GMT, to $720 per ton as shipping routes across the Strait of Hormuz remained limited.

Urea prices increased around 86% from the begining of this year.

Energy costs account for approximately 60% of nitrogen fertilizer production, and recent volatility in gas markets continues to drive prices higher.

These rising input costs are expected to tighten margins for farmers and could influence planting decisions for the upcoming harvest season.

High prices persist as leading exporters like China and Russia maintain tight controls on shipments to ensure domestic supply.

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