
UK fertiliser prices held roughly flat over the new year but are now rising as supply chain bottlenecks feed through. AHDB data put granular urea at £424/t in December, more than £50/t above a year earlier, and some February quotes were around £385/t with March increases expected.
Uncertainty over the EU's Carbon Border Adjustment Mechanism, along with US tensions with major urea exporters, is also cited as lifting prices.
Logistics delays and geopolitical risk tighten urea availability for UK and European buyers and support higher nitrogen prices into spring. Feed and grain producers face higher crop input costs.
After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% 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.