# High fertilizer prices not going away quickly | The Western Producer

> Urea in New Orleans rose to $720 per tonne by October 6, up from $411 in early August, and Egypt's price nearly doubled to $830. European nitrogen producers are curtailing output because natural gas prices spiked to $35-40 per MMBtu.

- Date: 2021-10-07 · published 2021-10-07T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5910-high-fertilizer-prices-not-going-away-quickly-the-western-producer
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Gas costs above $900 per tonne of urea make European production unprofitable without subsidies, so output is being shut in. That supply loss is the main driver of higher nitrogen prices worldwide.

## 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 | Documents the sharp New Orleans and Egypt urea price rise to Oct 6, with European producers curtailing output because gas hit $35-40/MMBtu. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-07-16 | [5 Reasons Fertilizer Prices Are High Right Now - AgWeb](https://feedsoft.ai/events/29179-5-reasons-fertilizer-prices-are-high-right-now-agweb.md) | +0.8% | +4.6% |
| UREA | 2022-12-08 | [Nitrogen prices remain volatile but less extreme \| The Western Producer](https://feedsoft.ai/events/38532-nitrogen-prices-remain-volatile-but-less-extreme-the-western-producer.md) | -3.6% | -11.4% |
| UREA | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | -18.1% | -19.0% |
| 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% |
| NATGAS | 2024-07-16 | [5 Reasons Fertilizer Prices Are High Right Now - AgWeb](https://feedsoft.ai/events/29179-5-reasons-fertilizer-prices-are-high-right-now-agweb.md) | +3.8% | +0.2% |
| NATGAS | 2022-08-31 | [European Fertilizer Production Falls Due to High Gas Prices 31.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/40340-european-fertilizer-production-falls-due-to-high-gas-prices-31-08-2022.md) | -12.0% | -25.8% |

## Sources

- producer.com: https://www.producer.com/news/high-fertilizer-prices-not-going-away-quickly/

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