# Global Fertilizer Price Update: November’21 -

> Black Sea urea averaged $900.5 per tonne in November 2021, up 47% from October and 115% over two months. The US DAP Gulf spot price was $726.69 per tonne, up 8% month-on-month. Morocco rock phosphate and Henry Hub natural gas prices were also reported, with gas down 17.7% from October.

- Date: 2021-12-12 · published 2021-12-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43943-global-fertilizer-price-update-november-21
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Surging urea and DAP benchmarks raise nitrogen and phosphate costs for feed grain and oilseed growers. Lower gas prices suggest some cost relief for future nitrogen production.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- NATGAS: bearish ▼
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-01-09 | [Global Fertilizer Price Update: December’21 -](https://feedsoft.ai/events/43442-global-fertilizer-price-update-december-21.md) | +11.4% | +11.9% |
| NATGAS | 2023-04-08 | [Global Fertilizer Price Updates: March’ 2023 -](https://feedsoft.ai/events/5937-global-fertilizer-price-updates-march-2023.md) | -5.0% | -5.0% |
| NATGAS | 2024-07-18 | [IEA Forecasts Lagging LNG Demand, Further Global Natural Gas Price Slides Through 2024](https://feedsoft.ai/events/29454-iea-forecasts-lagging-lng-demand-further-global-natural-gas-price-slides.md) | +2.5% | +9.6% |
| NATGAS | 2025-06-17 | [Natural gas markets: Price swings amid a shifting global landscape](https://feedsoft.ai/events/24408-natural-gas-markets-price-swings-amid-a-shifting-global-landscape.md) | +3.6% | +3.6% |
| NATGAS | 2019-12-03 | [Global Gas Markets: Key Spot Prices \| Energy Intelligence](https://feedsoft.ai/events/55770-global-gas-markets-key-spot-prices-energy-intelligence.md) | -4.7% | -7.4% |
| UREA | 2022-01-09 | [Global Fertilizer Price Update: December’21 -](https://feedsoft.ai/events/43442-global-fertilizer-price-update-december-21.md) | -8.8% | -17.6% |
| UREA | 2022-10-08 | [Global Fertilizer Price Updates: September’ 2022 -](https://feedsoft.ai/events/39446-global-fertilizer-price-updates-september-2022.md) | -1.2% | -13.9% |
| UREA | 2025-11-05 | [Global fertilizer prices expected to rise 21% in 2025 - Ecofin Agency](https://feedsoft.ai/events/6229-global-fertilizer-prices-expected-to-rise-21-in-2025-ecofin-agency.md) | -2.3% | -10.7% |

## Sources

- fertiliserindia.com: https://fertiliserindia.com/global-fertilizer-price-update-november21/

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