# PWNI continues to advance as nitrogen values firm on escalating supply concerns in Europe

> Profercy's World Nitrogen Index climbed above 300 points as European nitrogen values firmed on concerns over fertiliser production. Dutch TTF gas near €200/MWh is prompting further cutbacks, and Egyptian urea sold for October shipment at $660/t fob in the Middle East.

- Date: 2022-08-05 · published 2022-08-05T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/40358-pwni-continues-to-advance-as-nitrogen-values-firm-on-escalating-supply-concerns
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Rising gas costs and possible further European cutbacks keep urea supply tight and prices elevated, pressuring feed and grain producers' input costs.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | +6.2% | +11.5% |
| UREA | 2021-11-22 | [Fertilizer prices continue to increase with no top in sight \| Quality Farm Supply](https://feedsoft.ai/events/8139-fertilizer-prices-continue-to-increase-with-no-top-in-sight-quality-farm-supply.md) | +6.4% | -1.2% |
| 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 | 2022-04-06 | [Nitrogen Fertilizer Prices and Supply in Light of the Ukraine-Russia Conflict - farmdoc daily](https://feedsoft.ai/events/42133-nitrogen-fertilizer-prices-and-supply-in-light-of-the-ukraine-russia-conflict.md) | -3.9% | -24.2% |
| UREA | 2021-09-30 | [U.S. natgas futures jump to 7-year high on Europe supply fears \| Reuters](https://feedsoft.ai/events/45219-u-s-natgas-futures-jump-to-7-year-high-on-europe-supply-fears-reuters.md) | +31.3% | +34.0% |

## Sources

- profercy.com: https://www.profercy.com/insights/pwni-continues-to-advance-as-nitrogen-values-firm-on-escalating-supply-concerns-in-europe

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