# Nitrogen prices resurgent in ‘frantic’ global market | Capital Press

> Nitrogen fertilizer prices have recovered sharply from the pandemic slump and reached multi-year highs. Urea trades near $450 per short ton on the Gulf, versus under $200 a year earlier. Analysts describe the market as unusually frantic for the off-season, with strong grain prices and Chinese and Egyptian export restrictions adding support.

- Date: 2021-06-22 · published 2021-06-22T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/46500-nitrogen-prices-resurgent-in-frantic-global-market-capital-press
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher nitrogen costs raise the input cost of corn and other grain production, which tends to support grain prices and squeezes feed margins. The restrictions on exports from China and Egypt tighten global urea supply.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-07-24 | [Global Factors at Play in the Nitrogen Market \| Red River Farm Network](https://feedsoft.ai/events/40805-global-factors-at-play-in-the-nitrogen-market-red-river-farm-network.md) | +16.4% | +13.6% |
| UREA | 2023-09-05 | [Global factors raise price of nitrogen - Brownfield Ag News](https://feedsoft.ai/events/9881-global-factors-raise-price-of-nitrogen-brownfield-ag-news.md) | +14.0% | +9.1% |
| UREA | 2024-02-05 | [Positive Price Momentum Continues in Urea Market \| CZ app](https://feedsoft.ai/events/31594-positive-price-momentum-continues-in-urea-market-cz-app.md) | +1.4% | +11.5% |
| UREA | 2021-08-05 | [Fertiliser shortage looms as global prices skyrocket \| Business News - The Indian Express](https://feedsoft.ai/events/45883-fertiliser-shortage-looms-as-global-prices-skyrocket-business-news-the-indian.md) | +1.4% | +8.5% |
| UREA | 2020-08-10 | [Profercy World Nitrogen Index registers large gains as urea prices continue to ramp up](https://feedsoft.ai/events/51542-profercy-world-nitrogen-index-registers-large-gains-as-urea-prices-continue-to.md) | -2.8% | -6.6% |
| CORN | 2020-10-24 | [Rapid increase in global cereal prices](https://feedsoft.ai/events/50708-rapid-increase-in-global-cereal-prices.md) | +0.3% | +10.2% |
| CORN | 2024-07-15 | [China sets record feed grain imports amid global market shifts \| Feed & Grain](https://feedsoft.ai/events/14734-china-sets-record-feed-grain-imports-amid-global-market-shifts-feed-and-grain.md) | -1.5% | -2.1% |
| CORN | 2025-04-03 | [Indian rice turns competitive in the global market, exports may pick up from June  - The HinduBusinessLine](https://feedsoft.ai/events/25057-indian-rice-turns-competitive-in-the-global-market-exports-may-pick-up-from.md) | +2.2% | +2.7% |

## Sources

- capitalpress.com: https://capitalpress.com/2021/06/22/nitrogen-prices-resurgent-in-frantic-global-market/

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