# Argus launches new price for world's largest fertilizer trading hub

> Argus Media launched a weekly volume-weighted urea price for barge shipments in New Orleans, based on trades done within the calendar month. The benchmark is intended to underpin futures settlement and industrial and domestic supply contracts.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46772-argus-launches-new-price-for-world-s-largest-fertilizer-trading-hub
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A transparent NOLA urea benchmark improves price discovery for nitrogen costs that feed to grain and forage production, though it does not itself change supply or price levels.

## Read by commodity

- UREA: neutral

## Sources

- prnewswire.com: https://www.prnewswire.com/news-releases/argus-launches-new-price-for-worlds-largest-fertilizer-trading-hub-301323371.html

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