
Egypt supplied more than 60% of the fertilizer entering European markets from March to September, according to Industry Minister Khaled Hashem. Egypt kept its gas supply to factories flowing while other countries rationed gas, and export prices roughly doubled from about USD 400-450 to nearly USD 900 per ton.
Fertilizer and chemical exports reached nearly USD 5 billion in the first part of the year.
Egypt's supply dominance in Europe and the doubling of export prices show how tight nitrogen markets have become, supporting urea prices and raising costs for European farmers.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.