# Geopolitics creates volatility in global fertiliser markets - Farmers Weekly

> Farmers Weekly reports fertiliser prices fluctuating sharply on geopolitical tensions from the Ukraine war and Middle East conflict. Urea trades around GBP 330-350/t but can move US$20-30 within hours, and some European plants are limiting output due to high ammonia costs.

- Date: 2024-11-06 · published 2024-11-06T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/27323-geopolitics-creates-volatility-in-global-fertiliser-markets-farmers-weekly
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Energy-linked volatility in urea and ammonia raises nitrogen costs and keeps supply uncertain, supporting higher input costs for feed grain producers.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-06-02 | [Global Fertilizer Markets Today - IFDC](https://feedsoft.ai/events/7282-global-fertilizer-markets-today-ifdc.md) | -8.2% | -16.1% |
| UREA | 2026-04-13 | [War Stresses Global Fertilizer Markets \| Rabobank](https://feedsoft.ai/events/19637-war-stresses-global-fertilizer-markets-rabobank.md) | +1.2% | -13.1% |
| UREA | 2022-08-23 | [Fertiliser supply tightens as gas price rises further - Farmers Weekly](https://feedsoft.ai/events/5142-fertiliser-supply-tightens-as-gas-price-rises-further-farmers-weekly.md) | +20.2% | +13.7% |
| UREA | 2022-02-25 | [Farming News - The Ukraine/Russia situation sends global fertiliser markets sharply higher](https://feedsoft.ai/events/43022-farming-news-the-ukraine-russia-situation-sends-global-fertiliser-markets.md) | +24.9% | +38.4% |
| UREA | 2022-11-30 | [Turbulence in fertiliser markets weighs on crop outlook \| articles \| ING THINK](https://feedsoft.ai/events/38620-turbulence-in-fertiliser-markets-weighs-on-crop-outlook-articles-ing-think.md) | +3.8% | -0.5% |
| NATGAS | 2022-02-25 | [Farming News - The Ukraine/Russia situation sends global fertiliser markets sharply higher](https://feedsoft.ai/events/43022-farming-news-the-ukraine-russia-situation-sends-global-fertiliser-markets.md) | +0.1% | +13.3% |
| NATGAS | 2026-03-05 | [How the Iran war could create a ‘fertiliser shock’ – an often ignored global risk to food prices and farming](https://feedsoft.ai/events/6255-how-the-iran-war-could-create-a-fertiliser-shock-an-often-ignored-global-risk.md) | +9.9% | +0.3% |
| NATGAS | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | +10.0% | +8.6% |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/input-prices/geopolitics-creates-volatility-in-global-fertiliser-markets

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