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Middle East urea spot prices rose above $480/t FOB, up 18% since early January, and North African deals pushed prices above $500/t for the first time since November 2025. China is absent from export trade due to a lack of export quotas, and Iranian seasonal gas diversions are removing up to 450,000 t/month from the market.
Tight export supply from China, Iran and Indonesia meets expected US and Indian buying, which supports firm urea prices into spring. Higher fertilizer costs squeeze feed-grain margins and raise input costs for feed producers.
profercy.comChris Yearsley4 févr. 2026Après 176 événements commerce haussier passés, Urée a varié en médiane de +0,1 % sur 5 séances (51 % de hausses ; moitié centrale de -1,3 % à +2,4 %), et de +1,6 % sur 20.
Variations du benchmark de chaque matière depuis la dernière clôture avant l'événement. Les lectures historiques regroupent les événements passés de même nature ; elles décrivent ce qui s'est passé, pas ce qui arrivera. Ceci n'est pas un conseil en investissement.
Supply cutbacks (no Chinese export quotas, Iranian seasonal gas diversions of up to 450kt/month) combined with US and Indian demand lifted urea spot prices, which is a direct supply and trade-flow driver, though published after the move date.
