# Fertiliser companies keep an eye on soaring gas prices

> New Zealand's fertiliser cooperatives are monitoring rising northern hemisphere energy prices, which have shut two fertiliser plants in northern England. Ballance expects European demand to be met by China, and Ravensdown says energy costs are beginning to affect overseas ammonium-based product prices.

- Date: 2021-09-23 · published 2021-09-23T12:00:00.000Z
- Category: macro · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/45388-fertiliser-companies-keep-an-eye-on-soaring-gas-prices
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher gas costs feeding into ammonia and nitrogen production point to firmer global fertilizer prices, which can lift input costs for farmers in exporting and importing regions alike.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-09-29 | [Series of black swans send fertilizer prices soaring - Brownfield Ag News](https://feedsoft.ai/events/45375-series-of-black-swans-send-fertilizer-prices-soaring-brownfield-ag-news.md) | +31.3% | +34.0% |
| UREA | 2022-08-05 | [Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg](https://feedsoft.ai/events/40356-nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars-bloomberg.md) | -4.5% | +13.6% |
| 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 | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +27.6% | +32.7% |
| UREA | 2023-02-10 | [Fertiliser prices likely to remain at high level in coming months](https://feedsoft.ai/events/11746-fertiliser-prices-likely-to-remain-at-high-level-in-coming-months.md) | +1.6% | -2.7% |

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/fertiliser-companies-keep-an-eye-on-soaring-gas-prices/

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