# Egypt urea sold higher after US, Israel attack on Iran | Latest Market News

> Egyptian producers Mopco and Alexfert sold 6,000t cargoes of granular urea at $495-505/t fob for March loading, mainly for Europe. Prices rose after the US military began major combat operations in Iran. Israeli gas fields were shut, which raises concern about Egyptian urea output.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Egypt · magnitude high
- Page: https://feedsoft.ai/events/31524-egypt-urea-sold-higher-after-us-israel-attack-on-iran-latest-market-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Egypt normally exports about 4mn t/yr of urea, mostly to Europe, so gas disruptions there would tighten supply to Europe and support global urea prices. Higher nitrogen costs feed into feed-grain production costs.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-03-25 | [Nola urea prices surge on US-Iran conflict \| Latest Market News](https://feedsoft.ai/events/31521-nola-urea-prices-surge-on-us-iran-conflict-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2024-03-25 | [US-Iran war exposes Australia’s urea import reliance \| Latest Market News](https://feedsoft.ai/events/31527-us-iran-war-exposes-australia-s-urea-import-reliance-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2024-03-25 | [Southeast Asian granular urea sold at around $710/t fob \| Latest Market News](https://feedsoft.ai/events/31526-southeast-asian-granular-urea-sold-at-around-710-t-fob-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2026-03-02 | [Urea derivatives surge on Middle East conflict \| Latest Market News](https://feedsoft.ai/events/4428-urea-derivatives-surge-on-middle-east-conflict-latest-market-news.md) | +25.5% | +36.4% |
| UREA | 2024-03-25 | [US fertilizer market faces increasing scrutiny \| Latest Market News](https://feedsoft.ai/events/31535-us-fertilizer-market-faces-increasing-scrutiny-latest-market-news.md) | -12.7% | -19.2% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2794509-egypt-urea-sold-higher-after-us-israel-attack-on-iran

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