# No letup in fertiliser price volatility - 03 August 2022 Premium

> Urea prices rose by over $100 per tonne in early August as surging European gas prices raised manufacturing costs to about €1,500 per tonne, with buyers absent at $650. Analysts expect possible EU production curtailments, while potash prices are trending down on heavier supply, with CRU putting NW European MOP at €875 per tonne.

- Date: 2022-08-03 · published 2022-08-03T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/40342-no-letup-in-fertiliser-price-volatility-03-august-2022-premium
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

High European gas costs lift the floor under urea and nitrogen prices, while abundant potash supply keeps those prices under downward pressure.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-06-23 | [Potential for volatility to reignite in fertiliser markets](https://feedsoft.ai/events/29673-potential-for-volatility-to-reignite-in-fertiliser-markets.md) | +0.2% | -1.2% |
| 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% |
| UREA | 2020-11-27 | [Weak rand results in big fertiliser price increase](https://feedsoft.ai/events/4396-weak-rand-results-in-big-fertiliser-price-increase.md) | +8.7% | +6.6% |
| 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 | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | -11.9% | -20.3% |
| NATGAS | 2024-06-23 | [Potential for volatility to reignite in fertiliser markets](https://feedsoft.ai/events/29673-potential-for-volatility-to-reignite-in-fertiliser-markets.md) | -2.3% | -13.6% |
| 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 | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | +12.9% | +63.0% |

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/agribusiness/news/no-letup-in-fertiliser-price-volatility-713841

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