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Urea prices in the Middle East rose to $506.25/tonne FOB on Thursday, up from India's last contracted rate of $530/tonne CFR, after sudden Indian demand. Indian importers hope to bring prices near $500/tonne when bids open on September 2.
Renewed Indian buying from low stocks is lifting global urea prices, and feed buyers face higher nitrogen input costs that feed into corn and forage production costs.
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.