# Urea values surge in the west, supply tightens further as producers shutter and cutback output

> Western urea values rose sharply as European gas prices surged and Ukrainian producers faced possible shutdowns. Yara planned to cut ammonia output by 40%, and Egyptian granular urea sold at $520/t fob, while US Gulf barge values recovered after Hurricane Ida.

- Date: 2021-09-17 · published 2021-09-17T12:00:00.000Z
- Category: macro · region Global · magnitude high
- Page: https://feedsoft.ai/events/45385-urea-values-surge-in-the-west-supply-tightens-further-as-producers-shutter-and
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Gas-driven production cuts in Europe and Ukraine are removing major nitrogen supply, which keeps global urea prices elevated and raises fertilizer costs for grain growers.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-10-01 | 5 | +28.9% | 7.1 | European gas-driven output cuts by Yara and Ukrainian shutdown risk tightened western urea supply and lifted values. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-10-26 | [Tightening nitrogen fertilizer supplies raise alarm \| The Western Producer](https://feedsoft.ai/events/10125-tightening-nitrogen-fertilizer-supplies-raise-alarm-the-western-producer.md) | -11.7% | -11.8% |
| UREA | 2024-07-16 | [Egyptian urea producers halt output on renewed gas supply disruption](https://feedsoft.ai/events/29604-egyptian-urea-producers-halt-output-on-renewed-gas-supply-disruption.md) | +0.8% | +4.6% |
| UREA | 2022-08-10 | [Urea demand grows on both price and supply issues - Farmers Weekly](https://feedsoft.ai/events/40351-urea-demand-grows-on-both-price-and-supply-issues-farmers-weekly.md) | +0.4% | +11.1% |
| UREA | 2022-01-06 | [High feedstock cost pushes Urea Demand to reach a sky-high Value in the USA](https://feedsoft.ai/events/7643-high-feedstock-cost-pushes-urea-demand-to-reach-a-sky-high-value-in-the-usa.md) | -2.4% | -4.8% |
| UREA | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | -11.9% | -20.3% |
| NATGAS | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | +12.9% | +63.0% |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| NATGAS | 2018-08-29 | [Asian LNG prices hit highest in over two months high on tight supply \| Daily FT](https://feedsoft.ai/events/63711-asian-lng-prices-hit-highest-in-over-two-months-high-on-tight-supply-daily-ft.md) | -0.7% | +5.0% |

## Sources

- profercy.com: https://www.profercy.com/insights/urea-values-surge-in-the-west-supply-tightens-further-as-producers-shutter-and-cutback-output

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