Sources: Global urea price decline pressures agreement to raise gas prices 50%

Egyptian urea export prices have fallen from $535 to $500 per tonne, with further declines expected, as weak European demand and the absence of Indian tenders weigh on the market. At the same time, the government agreed with several fertilizer producers to raise gas prices by 50%, to $12.75 per MMBtu, in exchange for allowing full export of output for 45 days.