# Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg

> Weekly urea prices in New Orleans rose almost 7% to their highest since May as an energy crunch in Europe pushed up natural gas, the main input. Europe's fertilizer industry closed or curtailed output at 10 plants in July as operating costs soared.

- Date: 2022-08-05 · published 2022-08-05T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/40356-nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars-bloomberg
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Gas-driven European output cuts tighten nitrogen supply, lifting urea prices and raising feed-grain production costs that flow through to corn and feed buyers.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-08-15 | [Nitrogen Fertilizers Prices Rise from Increased European Natural Gas Prices](https://feedsoft.ai/events/12420-nitrogen-fertilizers-prices-rise-from-increased-european-natural-gas-prices.md) | +0.1% | +13.4% |
| UREA | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +27.6% | +32.7% |
| UREA | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | +4.0% | +9.9% |
| 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 | 2022-01-21 | [The Fertilizer Crisis Is Getting Real for Europe Food Prices - Bloomberg](https://feedsoft.ai/events/43072-the-fertilizer-crisis-is-getting-real-for-europe-food-prices-bloomberg.md) | 0.0% | -8.0% |
| NATGAS | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +9.7% | +1.4% |
| NATGAS | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | +1.9% | +0.5% |
| 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% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-08-05/nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars

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