# Gas supply issues in Europe cause havoc with Nitrogen prices.

> Russia reduced gas supplies to Europe, sending EU gas prices higher and lifting nitrogen fertilizer prices as European buyers scrambled for product. Egypt urea prices jumped over $100/t in two days on spot purchases, and urea swaps added $100/t to Arab Gulf quotes in 24 hours.

- Date: 2022-07-29 · published 2022-07-29T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/5032-gas-supply-issues-in-europe-cause-havoc-with-nitrogen-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Natural gas is the main feedstock for nitrogen fertilizer, so higher European gas costs and tight urea supply push fertilizer costs up, which feeds into higher production costs for grain and feed crops.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲
- WHEAT: bullish ▲
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-07-29 | 1 | +15.2% | 7.6 | Dated the same day as the move, it reports Russian gas cuts lifting EU gas prices, Egypt urea jumping over $100/t in two days and Arab Gulf swaps adding $100/t in 24 hours, which directly explains the one-day spike through input cost and spot-buying pressure. |
| UREA | 2022-07-28 | 1 | +15.2% | 7.6 | Russian gas cuts to Europe lifted nitrogen prices as buyers scrambled, with Egypt urea up over $100/t in two days and Arab Gulf swaps up $100/t in 24 hours, which matches a one-day spike (dated 07-29, just after the window, but describing the same move). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-03-10 | [Nitrogen and Phosphate Markets Enter Supply Shock](https://feedsoft.ai/events/20101-nitrogen-and-phosphate-markets-enter-supply-shock.md) | +3.2% | +2.8% |
| CORN | 2022-02-25 | [Profercy World Nitrogen Index gains with urea fob values advancing following events in Ukraine](https://feedsoft.ai/events/42637-profercy-world-nitrogen-index-gains-with-urea-fob-values-advancing-following.md) | +6.6% | +10.3% |
| CORN | 2026-03-08 | [Oil prices surge 20% as expanding US-Israeli war with Iran cuts supplies from Mideast - CNA](https://feedsoft.ai/events/6784-oil-prices-surge-20-as-expanding-us-israeli-war-with-iran-cuts-supplies-from.md) | +0.9% | +1.7% |
| CORN | 2022-03-22 | [Crops extend gains on supply worries with soy at 2-week high - Moneyweb](https://feedsoft.ai/events/6247-crops-extend-gains-on-supply-worries-with-soy-at-2-week-high-moneyweb.md) | +2.8% | +8.6% |
| CORN | 2021-09-21 | [Food prices poised to surge with fertilizer at highest in years](https://feedsoft.ai/events/45024-food-prices-poised-to-surge-with-fertilizer-at-highest-in-years.md) | +1.8% | +1.7% |
| WHEAT | 2022-03-22 | [Crops extend gains on supply worries with soy at 2-week high - Moneyweb](https://feedsoft.ai/events/6247-crops-extend-gains-on-supply-worries-with-soy-at-2-week-high-moneyweb.md) | +2.0% | -9.1% |
| WHEAT | 2026-04-29 | [As nitrogen-based fertilizer prices soar, global food inflation looms - The HinduBusinessLine](https://feedsoft.ai/events/7255-as-nitrogen-based-fertilizer-prices-soar-global-food-inflation-looms-the.md) | -3.1% | -0.4% |
| WHEAT | 2022-08-23 | [Fertiliser supply tightens as gas price rises further - Farmers Weekly](https://feedsoft.ai/events/5142-fertiliser-supply-tightens-as-gas-price-rises-further-farmers-weekly.md) | +1.4% | +3.6% |

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/8272-gas-supply-issues-in-europe-cause-havoc-with-nitrogen-prices

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