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Global urea prices surged after the Middle East conflict disrupted supply from the Persian Gulf. US Gulf urea spot prices rose about 16% in a week and Middle East prices rallied 11%.
Iran and Egypt halted or curtailed production, and Egypt alone accounts for roughly 20% of global urea trade.
Losing nearly half of world urea exports from the Persian Gulf tightens nitrogen supply sharply, raising farm input costs and likely pressuring corn and feed grain margins into the next season.
farmtalknews.comRyan HanrahanJul 1, 2025After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), 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.
