# Urea prices skyrocket as gas subsidies vanish, wheat crop at risk

> Pakistani urea prices have risen sharply as gas prices for fertilizer producers soared and subsidies were cut. Engro raised its urea price by Rs882 per 50 kg bag to Rs4,649, while urea prices from other producers range from Rs3,767 to Rs5,489 per bag. Urea is up about 350 percent since March 2021, while the wheat support price has risen by less than half.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: policy · region Pakistan · magnitude medium
- Page: https://feedsoft.ai/events/6431-urea-prices-skyrocket-as-gas-subsidies-vanish-wheat-crop-at-risk
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher gas-linked nitrogen costs lift fertilizer prices and squeeze farm margins, which can cut wheat planting and output and support feed grain prices. Price distortion between gas networks also keeps the urea market fragmented.

## Read by commodity

- UREA: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-02-29 | [Higher gas prices push up urea rates](https://feedsoft.ai/events/6432-higher-gas-prices-push-up-urea-rates.md) | +7.6% | +8.6% |
| UREA | 2022-09-01 | ['Substantial upside risk' to urea prices - but values of other fertilizers to dip - Grain Price News](https://feedsoft.ai/events/12415-substantial-upside-risk-to-urea-prices-but-values-of-other-fertilizers-to-dip.md) | -5.4% | -5.9% |
| UREA | 2026-04-08 | [India raises fertiliser subsidy as US-Iran war lifts global prices \| Reuters](https://feedsoft.ai/events/9774-india-raises-fertiliser-subsidy-as-us-iran-war-lifts-global-prices-reuters.md) | +1.6% | -12.0% |
| UREA | 2021-08-07 | [Chinese fertiliser factories 'focusing on local market' as international prices skyrocket - ABC News](https://feedsoft.ai/events/45880-chinese-fertiliser-factories-focusing-on-local-market-as-international-prices.md) | 0.0% | +18.3% |
| UREA | 2024-03-01 | [Engro Fertilizers raises urea price by Rs740 amid gas hike](https://feedsoft.ai/events/6435-engro-fertilizers-raises-urea-price-by-rs740-amid-gas-hike.md) | +8.3% | +5.8% |
| WHEAT | 2022-05-16 | [India bans wheat exports as heat wave hurts crop, domestic prices soar \| Reuters](https://feedsoft.ai/events/41364-india-bans-wheat-exports-as-heat-wave-hurts-crop-domestic-prices-soar-reuters.md) | +4.0% | -0.3% |
| WHEAT | 2023-12-08 | [Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices \| Mint](https://feedsoft.ai/events/32650-ban-on-onion-exports-curbs-on-wheat-stocks-as-govt-battles-rising-food-prices.md) | -4.0% | +1.2% |
| WHEAT | 2020-01-16 | [Grain prices rise as concern grows for UK crops - Farmers Weekly](https://feedsoft.ai/events/55149-grain-prices-rise-as-concern-grows-for-uk-crops-farmers-weekly.md) | -0.2% | -5.3% |

## Sources

- thenews.com.pk: https://www.thenews.com.pk/print/1163319-urea-prices-skyrocket-as-gas-subsidies-vanish-wheat-crop-at-risk

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