
The Trump administration's planned 10% baseline tariff on imported goods, starting April 5, is expected to apply to urea from several major exporters. Prices at NOLA rose to USD 410 per short ton FOB, the highest since September 2023, and tariffs of 30% on Algeria and 14% on Nigeria were specified.
New US tariffs raise landed urea costs and lift US barge prices, tightening nitrogen supply for American farmers and supporting higher fertilizer costs into the planting season.
After 129 past bullish policy events, UREA moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.