# Profercy World Nitrogen Index makes strong gains as urea values continue to increase ahead of India’s return

> Profercy's World Nitrogen Index rose strongly as urea values climbed ahead of an expected new Indian tender from MMTC. Granular urea in Egypt gained about $30/t in a fortnight, and US Gulf barge values rose to the low-$240s/st fob Nola.

- Date: 2020-11-20 · published 2020-11-20T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50466-profercy-world-nitrogen-index-makes-strong-gains-as-urea-values-continue-to
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Anticipated Indian buying, tight Chinese export supply and Egyptian tightness are pushing global urea and US barge prices higher, which raises input costs for feed-grain and forage producers.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-08-10 | [Profercy World Nitrogen Index registers large gains as urea prices continue to ramp up](https://feedsoft.ai/events/51542-profercy-world-nitrogen-index-registers-large-gains-as-urea-prices-continue-to.md) | -2.8% | -6.6% |
| UREA | 2025-01-27 | [Urea Continues Rise Ahead of India Tender Pricing \| CZ app](https://feedsoft.ai/events/26438-urea-continues-rise-ahead-of-india-tender-pricing-cz-app.md) | +1.4% | +12.4% |
| UREA | 2021-05-28 | [Urea prices rally: PWNI continues to make strong gains, closing in on highs reached in March](https://feedsoft.ai/events/5694-urea-prices-rally-pwni-continues-to-make-strong-gains-closing-in-on-highs.md) | +15.1% | +14.5% |
| UREA | 2021-09-24 | [Profercy’s Nitrogen Index makes largest weekly increase and hits 2012 high as nitrogen shortage bites](https://feedsoft.ai/events/45387-profercy-s-nitrogen-index-makes-largest-weekly-increase-and-hits-2012-high-as.md) | +6.2% | +39.6% |
| UREA | 2021-10-08 | [Urea values continue rapid ascent as supplies remain limited, no signs of slow-down in sight](https://feedsoft.ai/events/5909-urea-values-continue-rapid-ascent-as-supplies-remain-limited-no-signs-of-slow.md) | +4.0% | +9.9% |

## Sources

- profercy.com: https://www.profercy.com/insights/profercy-world-nitrogen-index-makes-strong-gains-as-urea-values-continue-to-increase-ahead-of-indias-return

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