# Nitrogen prices erupt due to ‘perfect storm’ of global forces | Capital Press

> Nitrogen fertiliser prices have surged, with Gulf urea rising from about $420 to $700 per ton in two months. The increase reflects higher natural gas costs in Europe, which have forced plant curtailments, and reduced Egyptian shipments as Europe buys more from there. Lower Chinese production and rising crop values are also supporting demand.

- Date: 2021-10-19 · published 2021-10-19T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/44878-nitrogen-prices-erupt-due-to-perfect-storm-of-global-forces-capital-press
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Multiple supply constraints and strong farm demand are pushing nitrogen to record levels for the past decade. Higher fertiliser costs squeeze farm margins and can reduce corn acreage, affecting feed grain supply.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-12-14 | [Nitrogen fertilizer prices at mercy of global issues \| The Western Producer](https://feedsoft.ai/events/38179-nitrogen-fertilizer-prices-at-mercy-of-global-issues-the-western-producer.md) | +0.6% | -12.4% |
| UREA | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | +4.0% | +9.9% |
| UREA | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | +28.9% | +17.2% |
| UREA | 2025-02-27 | [What's driving urea prices for farmers? \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/26363-what-s-driving-urea-prices-for-farmers-global-perspective-the-land-nsw.md) | -3.6% | -4.9% |
| UREA | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +28.4% | +33.3% |

## Sources

- capitalpress.com: https://capitalpress.com/2021/10/19/nitrogen-prices-erupt-due-to-perfect-storm-of-global-forces/

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