# Major Middle East urea producers withdraw offers | Latest Market News

> Middle East urea producers have withdrawn offers as the conflict escalates. Granular urea was $490-495/t fob on 27 February before the attacks. Vessel owners are reluctant to cross the Strait of Hormuz, which threatens deliveries from Qatar, Saudi Arabia, Bahrain and the UAE, which together shipped 12.6mn t in 2024.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/31525-major-middle-east-urea-producers-withdraw-offers-latest-market-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

The region's producers account for a large share of seaborne urea, so a halt in their exports removes a major supply source during peak import months. This is strongly bullish for global urea and nitrogen prices.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | [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 | 2025-07-01 | [Global urea prices rise with Middle East conflict \| News \| farmtalknews.com](https://feedsoft.ai/events/24079-global-urea-prices-rise-with-middle-east-conflict-news-farmtalknews-com.md) | +10.7% | +11.9% |
| UREA | 2024-10-02 | [Middle East tensions add to combustible urea market - Brownfield Ag News](https://feedsoft.ai/events/5244-middle-east-tensions-add-to-combustible-urea-market-brownfield-ag-news.md) | +2.5% | +1.6% |
| UREA | 2024-03-25 | [Egypt urea sold higher after US, Israel attack on Iran \| Latest Market News](https://feedsoft.ai/events/31524-egypt-urea-sold-higher-after-us-israel-attack-on-iran-latest-market-news.md) | -12.7% | -19.2% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2794684-major-middle-east-urea-producers-withdraw-offers

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