
Egypt supplied over 60% of Europe's fertilizer imports from March to September, according to Industry Minister Khaled Hashem. The government kept natural gas flowing to fertilizer plants despite rising prices, and export prices roughly doubled during the period amid Strait of Hormuz disruptions.
Reliable Egyptian supply has helped Europe meet fertilizer demand, which limits some upward pressure on nitrogen prices. Continued high export prices, however, keep input costs elevated for European grain and feed producers.
After 23 past neutral trade events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -1.1% to +1.0%), and +2.8% 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.