Urea Prices Trend | Pricing | News | Database | Chart
Urea is a critical component in the global agricultural sector, primarily serving as one of the most widely used nitrogen fertilizers. The pricing of urea is influenced by a combination of global economic factors, production costs, and demand fluctuations, making it a dynamic market commodity. Historically, the prices of urea have seen cyclical trends, primarily due to their dependency on energy costs and global demand from agricultural and industrial applications. Natural gas is a key feedstock for urea production, meaning that fluctuations in gas prices have a direct and significant impact on urea pricing. When natural gas prices rise, urea production becomes more expensive, often pushing the fertilizer's market price higher. Conversely, lower natural gas prices can make urea production more cost-effective, exerting downward pressure on the market. Global supply chains play a pivotal role in determining urea prices . Major producers, such as China, Russia, and India, cont...