# Surging gas prices add pressure on the fertilizer market

> European gas reached 103 €/MWh at the start of November, with storage below seasonal averages ahead of winter. Algeria has announced a ban on urea exports to France, a major historical supplier. Global urea prices remain firm as India covers a large import gap and Egyptian producers hold firm terms.

- Date: 2026-11-03 · published 2026-11-03T12:14:02.182Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/77624-surging-gas-prices-add-pressure-on-the-fertilizer-market
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher gas prices raise the cost of producing ammonia and nitrogen fertilizers in Europe, and losing Algerian supply tightens urea availability. Together these support urea prices and may push farm nitrogen costs higher into the next season.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-02-21 | [Friday’s Insider: Urea and gas prices — market in transition — Fertilizer Daily](https://feedsoft.ai/events/26365-friday-s-insider-urea-and-gas-prices-market-in-transition-fertilizer-daily.md) | -0.5% | -4.7% |
| UREA | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | +4.0% | +9.9% |
| UREA | 2021-09-23 | [Fertiliser companies keep an eye on soaring gas prices](https://feedsoft.ai/events/45388-fertiliser-companies-keep-an-eye-on-soaring-gas-prices.md) | +2.2% | +39.6% |
| 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 | 2022-08-05 | [Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg](https://feedsoft.ai/events/40356-nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars-bloomberg.md) | -4.5% | +13.6% |
| NATGAS | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | +1.9% | +0.5% |
| 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 | 2022-08-05 | [Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg](https://feedsoft.ai/events/40356-nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars-bloomberg.md) | +5.3% | +12.8% |

## Sources

- lafranceagricole.fr: https://www.lafranceagricole.fr/tendances-engrais/article/905628/l-envolee-du-prix-du-gaz-accentue-la-pression-sur-le-marche-des-engrais

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