Prices for urea have jumped by 18% since the beginning of the year.

The global urea market began the year with rising prices: spot quotations in the Middle East exceeded $480/t FOB, which is 18% more than at the beginning of January. Trader bids during the latest Qatari tender (supply in the second half of March) formed in the range above $470/t FOB, and the final agreement was concluded at $480/t FOB. Ten days prior, prices stood at $460/t FOB. The price increase of urea also occurred in North Africa, where spot prices exceeded $500/t FOB for the first time since early November 2025. Prices for Egyptian granulated product increased by $52/t, or 12% since the middle of the month. In Europe, warehouse quotations are also moving upwards: in La-Pallice (France) prices are approaching 500 €/t FCA, while March supplies from North Africa reached over $500/t FOB—for the first time since the first half of November last year. As analysts note, prices are reacting to supply constraints, as China is practically absent from the international market due to ...