# Urea prices hit 10-year high

> New Zealand fertiliser suppliers Ravensdown and Ballance raised urea prices to between $669 and $799 per tonne, a 10-year high. Ballance also lifted prices for SustaiN, MOP and DAP, citing strong global demand, higher European gas and coal costs, and high freight rates.

- Date: 2021-06-28 · published 2021-06-28T12:00:00.000Z
- Category: market · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/46894-urea-prices-hit-10-year-high
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Higher urea and phosphate costs raise the cost of crop inputs and can shift farm margins toward lower application rates. Global nitrogen and phosphate prices are being pushed up by energy costs and firm demand, which supports fertiliser prices into the coming season.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/urea-prices-hit-10-year-high/

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