# Nitrogen expensive before the war, but now…. - Mecardo

> Australian urea prices fell 34% from November to February before surging after Russia's invasion of Ukraine. The NOLA urea price reached about $1,260/t in local terms, with delivered export urea near $1,600/t, though prices have eased about $70/t recently.

- Date: 2022-04-05 · published 2022-04-05T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42137-nitrogen-expensive-before-the-war-but-now-mecardo
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Volatile urea costs squeeze Australian grain and canola margins and may reduce nitrogen use, tightening feed grain supply.

## Read by commodity

- UREA: bullish ▲
- CANMEAL: neutral

## Sources

- mecardo.com.au: https://mecardo.com.au/nitrogen-expensive-before-the-war-but-now/

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