# Russian gas export ban could see big fertilizer price hike | The Western Producer

> Russia's industry minister said on March 10 that the country is temporarily suspending fertilizer exports, and urea and phosphate prices have continued climbing. Russian deputy prime minister Alexander Novak has also warned that Russia could cut gas flows through the Nord Stream 1 pipeline to Germany. StoneX analyst Josh Linville says a gas embargo could cause a much larger price spike.

- Date: 2022-03-17 · published 2022-03-17T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/42214-russian-gas-export-ban-could-see-big-fertilizer-price-hike-the-western-producer
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A cut to Russian gas would curb European nitrogen production and push fertilizer prices sharply higher on top of the existing export ban. The threat keeps the risk premium in urea and natural gas markets elevated.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-01-26 | [No fertilizer price relief expected for this year \| The Western Producer](https://feedsoft.ai/events/20978-no-fertilizer-price-relief-expected-for-this-year-the-western-producer.md) | +1.6% | +12.9% |
| UREA | 2022-10-04 | [How the Russia-Ukraine War Fueled Record Fertilizer Prices](https://feedsoft.ai/events/39051-how-the-russia-ukraine-war-fueled-record-fertilizer-prices.md) | +1.6% | -13.7% |
| UREA | 2026-03-02 | [Iran conflict drives up urea prices \| The Western Producer](https://feedsoft.ai/events/4432-iran-conflict-drives-up-urea-prices-the-western-producer.md) | +25.5% | +36.4% |
| UREA | 2026-04-30 | [World Bank Warns Fertilizer Prices Could Rise More Than 30% in 2026 - Ecofin Agency](https://feedsoft.ai/events/7256-world-bank-warns-fertilizer-prices-could-rise-more-than-30-in-2026-ecofin-agency.md) | -10.0% | -17.6% |
| UREA | 2022-11-09 | [How sanctions on Russia and Belarus are impacting exports of agricultural products and fertilizer \| IFPRI](https://feedsoft.ai/events/38622-how-sanctions-on-russia-and-belarus-are-impacting-exports-of-agricultural.md) | -1.4% | -9.8% |
| NATGAS | 2022-10-04 | [How the Russia-Ukraine War Fueled Record Fertilizer Prices](https://feedsoft.ai/events/39051-how-the-russia-ukraine-war-fueled-record-fertilizer-prices.md) | +5.0% | -6.5% |
| NATGAS | 2026-03-05 | [Farmers see fertiliser price surge as Iran war blocks exports, threatening losses \| Reuters](https://feedsoft.ai/events/6254-farmers-see-fertiliser-price-surge-as-iran-war-blocks-exports-threatening.md) | +9.9% | +0.3% |
| NATGAS | 2021-11-03 | [Explainer: Why Russian exports hold sway over European and British gas prices](https://feedsoft.ai/events/44229-explainer-why-russian-exports-hold-sway-over-european-and-british-gas-prices.md) | -7.5% | -21.2% |

## Sources

- producer.com: https://www.producer.com/news/russian-gas-export-ban-could-see-big-fertilizer-price-hike-2/

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