# Fertilizer Prices Steady Amid Global Developments | CZ app

> Urea prices rose in late September 2024 ahead of an India tender closing Oct. 3, with Middle East FOB up about $25/t and Southeast Asia up about $30/t. A Middle East cargo traded at $356/t FOB, above the prior $335-340 range. Pupuk Indonesia awarded granular urea at $358.35/t FOB, and Iranian FOB offers were below $300/t.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/5247-fertilizer-prices-steady-amid-global-developments-cz-app
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

India's tender sets the benchmark for Asian urea demand, and firmer offers raise nitrogen input costs for feed grain producers. Iranian supply participation could temper the rally if it expands.

## Read by commodity

- CORN: neutral
- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2024-09-30 | 1 | +2.5% | 7.1 | Dated 2024-09-30, it reports late-September urea price gains ahead of the India tender, with Middle East FOB up about $25/t and SE Asia up about $30/t, which directly matches the one-day rise through supply-demand tightening and tender-driven buying. |
| UREA | 2024-10-01 | 1 | +2.5% | 7.0 | Late-September urea price gains of $25-30/t in the Middle East and Southeast Asia ahead of the India tender closing Oct. 3 reflect tender-driven buying that plausibly fed the 1 October move. |
| UREA | 2024-10-03 | 1 | +1.9% | 3.6 | Late-September gains in Middle East and Southeast Asia FOB prices ahead of the India tender closing Oct 3 show firming physical prices and tender-driven demand that fed the move. |
| UREA | 2024-10-02 | 1 | +1.9% | 3.7 | Late-September firming ahead of the India tender closing Oct 3, with Middle East and SE Asia FOB prices rising, built upward momentum going into Oct 2. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-02-25 | [Vietnam increases fertiliser exports amid rising global prices](https://feedsoft.ai/events/25959-vietnam-increases-fertiliser-exports-amid-rising-global-prices.md) | -0.9% | -4.5% |
| UREA | 2025-04-28 | [Fertilizer Prices Surge as Spring Imports Drive Urea, Phosphate, Potash \| CZ app](https://feedsoft.ai/events/4274-fertilizer-prices-surge-as-spring-imports-drive-urea-phosphate-potash-cz-app.md) | +13.4% | +10.6% |
| UREA | 2026-05-01 | [US buyers redirect imported fertilizer overseas as Iran war drives up global prices](https://feedsoft.ai/events/20033-us-buyers-redirect-imported-fertilizer-overseas-as-iran-war-drives-up-global.md) | -11.0% | -18.0% |
| UREA | 2023-07-22 | [Downturn in International Fertilizer prices appears to be over.](https://feedsoft.ai/events/7007-downturn-in-international-fertilizer-prices-appears-to-be-over.md) | +31.8% | +18.1% |
| UREA | 2025-01-13 | [Tight global supply keeping fertilizer prices elevated \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/26832-tight-global-supply-keeping-fertilizer-prices-elevated-profitability.md) | +0.4% | +13.8% |
| CORN | 2019-09-25 | [Market developments could mean higher feed prices](https://feedsoft.ai/events/57194-market-developments-could-mean-higher-feed-prices.md) | -0.3% | +0.8% |
| CORN | 2020-10-01 | [U.S. fertilizer prices surge to decade high](https://feedsoft.ai/events/50574-u-s-fertilizer-prices-surge-to-decade-high.md) | -0.3% | +6.4% |
| CORN | 2021-02-13 | [High fertilizer prices likely to climb more - Grainews](https://feedsoft.ai/events/12875-high-fertilizer-prices-likely-to-climb-more-grainews.md) | -2.1% | +2.7% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/fertilizer-prices-steady-amid-global-developments/

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