# What’s driving up higher urea prices?

> Rabobank analysis links higher Australian fertilizer prices to a roughly 8% fall in the Australian dollar over five months. Urea rose 18.3% year on year in AUD terms, with phosphate and potash up 9.8% and 10%. Natural gas volatility in Europe, the US and Asia is cited as a continuing driver for nitrogen prices.

- Date: 2025-03-02 · published 2025-03-02T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/25510-what-s-driving-up-higher-urea-prices
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency weakness and volatile natural gas feedstock keep nitrogen costs high for importers. Expected further AUD weakness limits downside for fertilizer prices in Australia.

## Read by commodity

- UREA: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-02-27 | [What's driving urea prices for farmers? \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/26363-what-s-driving-urea-prices-for-farmers-global-perspective-the-land-nsw.md) | -3.6% | -4.9% |
| UREA | 2022-08-25 | [Why are global gas prices so high?](https://feedsoft.ai/events/40207-why-are-global-gas-prices-so-high.md) | +19.3% | +12.8% |
| UREA | 2024-01-30 | [Fitch Sees Higher Prices for Ammonia, Urea, Phosphate Rock -- Commodity Comment - MarketWatch](https://feedsoft.ai/events/32438-fitch-sees-higher-prices-for-ammonia-urea-phosphate-rock-commodity-comment.md) | -1.4% | +0.1% |
| UREA | 2022-06-06 | [An Explainer: What’s driving the cost of fertilizer? \| Nutrien](https://feedsoft.ai/events/41295-an-explainer-what-s-driving-the-cost-of-fertilizer-nutrien.md) | -1.9% | +0.7% |
| UREA | 2022-05-11 | [Fertilizer prices expected to remain higher for longer](https://feedsoft.ai/events/41325-fertilizer-prices-expected-to-remain-higher-for-longer.md) | -0.8% | -18.1% |

## Sources

- sfs.org.au: https://sfs.org.au/article/whats-driving-up-higher-urea-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.