# 5 Reasons Fertilizer Prices Are High Right Now - AgWeb

> StoneX's Josh Linville attributes higher summer fertiliser prices to several factors: European gas costs cutting nitrogen output to about 75% of normal, Brazilian plant shutdowns over high costs, Chinese export restrictions, and Egyptian gas supply shortages. He says fertiliser prices are set largely by world markets.

- Date: 2024-07-16 · published 2024-07-16T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29179-5-reasons-fertilizer-prices-are-high-right-now-agweb
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Energy-driven European and Egyptian nitrogen supply losses, combined with Chinese curbs, keep nitrogen prices elevated and raise input costs for feed producers.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| UREA | 2021-10-07 | [High fertilizer prices not going away quickly \| The Western Producer](https://feedsoft.ai/events/5910-high-fertilizer-prices-not-going-away-quickly-the-western-producer.md) | +5.0% | +9.6% |
| UREA | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | -18.1% | -19.0% |
| UREA | 2021-10-22 | [Fertiliser market price rise: wait or buy now?](https://feedsoft.ai/events/44888-fertiliser-market-price-rise-wait-or-buy-now.md) | -1.7% | +9.0% |
| UREA | 2023-02-10 | [Fertiliser prices likely to remain at high level in coming months](https://feedsoft.ai/events/11746-fertiliser-prices-likely-to-remain-at-high-level-in-coming-months.md) | +1.6% | -2.7% |
| NATGAS | 2021-10-07 | [High fertilizer prices not going away quickly \| The Western Producer](https://feedsoft.ai/events/5910-high-fertilizer-prices-not-going-away-quickly-the-western-producer.md) | -4.5% | -3.5% |
| NATGAS | 2023-02-10 | [Fertiliser prices likely to remain at high level in coming months](https://feedsoft.ai/events/11746-fertiliser-prices-likely-to-remain-at-high-level-in-coming-months.md) | +0.8% | -0.0% |
| NATGAS | 2021-11-22 | [Fertilizer prices continue to increase with no top in sight \| Quality Farm Supply](https://feedsoft.ai/events/8139-fertilizer-prices-continue-to-increase-with-no-top-in-sight-quality-farm-supply.md) | -2.1% | -22.3% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/crop-production/5-reasons-fertilizer-prices-are-high-right-now

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