# Fertiliser Market Update — Bartholomews

> Gazprom declared force majeure on supplies to several European buyers and closed its main pipeline for maintenance. Further supply cuts are threatened, and Ammonium Nitrate prices rose about £100/t in recent weeks.

- Date: 2022-07-27 · published 2022-07-27T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/5033-fertiliser-market-update-bartholomews
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Natural gas accounts for about 80% of European nitrogen fertilizer production cost, so gas supply cuts raise fertilizer prices and farmers' input costs into the coming season.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-07-28 | 1 | +15.2% | 7.6 | Gazprom's force majeure and pipeline closure on 07-27 raised European gas input costs and nitrogen supply fears, a likely trigger for the sharp urea jump the next day. |
| UREA | 2022-07-29 | 1 | +15.2% | 7.6 | Gazprom's force majeure and pipeline closure raised fears of further European gas cuts, which would lift nitrogen production costs and support urea prices, though the summary focuses on ammonium nitrate. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | +10.0% | +8.6% |
| NATGAS | 2022-09-30 | [Dairy Market Update September 2022 \| MCT Dairies, Inc.](https://feedsoft.ai/events/39724-dairy-market-update-september-2022-mct-dairies-inc.md) | +3.3% | -22.0% |
| NATGAS | 2024-11-06 | [Geopolitics creates volatility in global fertiliser markets - Farmers Weekly](https://feedsoft.ai/events/27323-geopolitics-creates-volatility-in-global-fertiliser-markets-farmers-weekly.md) | +13.6% | +39.1% |
| NATGAS | 2022-02-25 | [Farming News - The Ukraine/Russia situation sends global fertiliser markets sharply higher](https://feedsoft.ai/events/43022-farming-news-the-ukraine-russia-situation-sends-global-fertiliser-markets.md) | +0.1% | +13.3% |
| NATGAS | 2022-10-31 | [EU strategy on fertilisers \| EESC](https://feedsoft.ai/events/39052-eu-strategy-on-fertilisers-eesc.md) | -5.3% | +18.8% |
| UREA | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2023-02-20 | [World’s fertilizer market in turmoil](https://feedsoft.ai/events/37253-world-s-fertilizer-market-in-turmoil.md) | +1.8% | -3.8% |
| UREA | 2024-03-25 | [US fertilizer market faces increasing scrutiny \| Latest Market News](https://feedsoft.ai/events/31535-us-fertilizer-market-faces-increasing-scrutiny-latest-market-news.md) | -12.7% | -19.2% |

## Sources

- bartholomews.co.uk: https://www.bartholomews.co.uk/monday-market-briefings/fertiliser-newsletter-27th-july-2022

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