Black Sea Urea Price Report: June 2023 Updates and Analysis

The Black Sea Urea Price for June 2023 is recorded at US $287.5 per ton, indicating a significant decrease of 12.7% compared to May 2023 when prices stood at US $329.25 per ton. Furthermore, in a year-on-year analysis, June 2023 prices exhibit a substantial decline of 58.3% when compared to June 2022 figures of US $690 per ton. These price fluctuations highlight the current downward trend in the Black Sea Urea market, emphasizing a notable reduction in market value and affordability for buyers within the industry.