# Fertilizer price sets new peak

> Global urea prices have hit new highs, with FOB Black Sea urea at USD 420-435/ton, the highest since 2013. Chinese and Middle East urea trade prices are also at elevated levels, and an Indian tender drew offers as high as USD 505/ton CFR.

- Date: 2021-06-28 · published 2021-06-28T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46890-fertilizer-price-sets-new-peak
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight urea supply from maintenance outages and Chinese export restraint is pushing nitrogen costs higher, which raises feed-grain production costs and can shift farmer acreage decisions toward corn or away from it.

## Read by commodity

- CORN: neutral
- UREA: bullish ▲

## Sources

- van.nongnghiepmoitruong.vn: https://van.nongnghiepmoitruong.vn/fertilizer-price-sets-new-peak-d295121.html

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