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Indian urea demand rose 8% to 38.8 million tonnes in 2024-25, while domestic production fell to 30.6 million tonnes. Argus says U.S. urea prices rallied after early-April tariffs, with the New Orleans barge price above $500 per ton from under $400 at end-March.
Brazilian buyers have held back, widening Brazil's discount to the U.S.
Tight Indian supply and a strong U.S. market are lifting global urea prices, while weak Brazilian demand limits the rally. Feed buyers face higher nitrogen input costs for crops.
producer.comSean PrattApr 30, 2025Not enough comparable past events yet for a historical read.
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.
Argus data shows NOLA barge urea rising from under $400 to above $500 after the tariffs, with strong Indian demand and falling Indian output tightening global supply.
Argus reports NOLA barge urea rising above $500/ton from under $400 after tariffs, with tight nitrogen supply and Indian demand outpacing production supporting prices.
