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Drewry Maritime Research says India is cutting urea imports from China and diversifying toward the Gulf and Black Sea, while Russia and MENA producers are expanding exports to Latin America and Australia. Longer voyage distances are raising tonne-mile demand faster than volume growth.
Longer-haul urea routes support dry bulk freight demand and tighten shipping capacity, which can lift ocean freight costs for grain and fertiliser cargoes.
en.portnews.ruPortnewsJul 30, 2025After 176 past bullish trade events, UREA moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
