# Profercy’s World Nitrogen Index makes biggest ever increase to hit all time high

> The Profercy World Nitrogen Index recorded its largest-ever weekly increase, reaching an all-time high of 287.54. Urea rallied in the US Gulf and Egypt after Hurricane Ida, European gas price spikes and domestic production cuts tightened supply.

- Date: 2021-10-05 · published 2021-10-05T12:00:00.000Z
- Category: macro · region Global · magnitude high
- Page: https://feedsoft.ai/events/5908-profercy-s-world-nitrogen-index-makes-biggest-ever-increase-to-hit-all-time-high
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Combined supply disruptions from European gas-driven plant curtailments and a hurricane are tightening nitrogen supply, pushing urea and other nitrogen prices to records. Elevated fertilizer costs raise the cost of crop production and feed.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-10-06 | 5 | +31.3% | 5.7 | Record weekly jump in the Profercy nitrogen index, with urea rallying in the US Gulf and Egypt on Ida, gas spikes and production cuts, directly describes the price surge in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | +28.9% | +17.2% |
| UREA | 2022-12-14 | [Nitrogen fertilizer prices at mercy of global issues \| The Western Producer](https://feedsoft.ai/events/38179-nitrogen-fertilizer-prices-at-mercy-of-global-issues-the-western-producer.md) | +0.6% | -12.4% |
| UREA | 2022-10-26 | [Tightening nitrogen fertilizer supplies raise alarm \| The Western Producer](https://feedsoft.ai/events/10125-tightening-nitrogen-fertilizer-supplies-raise-alarm-the-western-producer.md) | -11.7% | -11.8% |
| UREA | 2022-08-15 | [Nitrogen Fertilizers Prices Rise from Increased European Natural Gas Prices](https://feedsoft.ai/events/12420-nitrogen-fertilizers-prices-rise-from-increased-european-natural-gas-prices.md) | +0.1% | +13.4% |
| UREA | 2021-09-22 | [Nitrogen prices soar as high gas prices shut down production - Farmers Weekly](https://feedsoft.ai/events/45383-nitrogen-prices-soar-as-high-gas-prices-shut-down-production-farmers-weekly.md) | +2.2% | +39.6% |
| NATGAS | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | -6.3% | -4.6% |
| NATGAS | 2022-04-26 | [Ukraine war to cause biggest price shock in 50 years - World Bank](https://feedsoft.ai/events/41883-ukraine-war-to-cause-biggest-price-shock-in-50-years-world-bank.md) | +12.9% | +29.1% |
| NATGAS | 2022-12-14 | [Nitrogen fertilizer prices at mercy of global issues \| The Western Producer](https://feedsoft.ai/events/38179-nitrogen-fertilizer-prices-at-mercy-of-global-issues-the-western-producer.md) | -25.0% | -49.3% |

## Sources

- profercy.com: https://www.profercy.com/insights/profercys-world-nitrogen-index-makes-biggest-ever-increase-to-hit-all-time-high

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