# Nitrogen fertilizer prices at mercy of global issues | The Western Producer

> Rabobank analyst Vitor Pistoia forecasts rising nitrogen fertilizer prices in 2023, depending on EU natural gas restocking. Russia's reduced role in fertilizer trade has added to urea volatility, which is running at three times normal levels.

- Date: 2022-12-14 · published 2022-12-14T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/38179-nitrogen-fertilizer-prices-at-mercy-of-global-issues-the-western-producer
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Gas-driven ammonia costs and EU import needs support urea prices, which feeds into higher production costs for feed grains.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-10-26 | [Tightening nitrogen fertilizer supplies raise alarm \| The Western Producer](https://feedsoft.ai/events/10125-tightening-nitrogen-fertilizer-supplies-raise-alarm-the-western-producer.md) | -11.7% | -11.8% |
| 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 | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | +28.9% | +17.2% |
| UREA | 2022-12-08 | [Nitrogen prices remain volatile but less extreme \| The Western Producer](https://feedsoft.ai/events/38532-nitrogen-prices-remain-volatile-but-less-extreme-the-western-producer.md) | -3.6% | -11.4% |
| UREA | 2022-10-01 | [Most Wholesale Nitrogen Fertilizer Prices Rise in August on Wave of Production Curtailments at European Plants](https://feedsoft.ai/events/39888-most-wholesale-nitrogen-fertilizer-prices-rise-in-august-on-wave-of-production.md) | +2.0% | -12.6% |
| 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 | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | -6.3% | -4.6% |
| NATGAS | 2022-08-05 | [Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg](https://feedsoft.ai/events/40356-nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars-bloomberg.md) | +5.3% | +12.8% |

## Sources

- producer.com: https://www.producer.com/news/nitrogen-fertilizer-prices-at-mercy-of-global-issues/

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