Black Sea Urea Price Report: Dec 2023 Updates and Analysis

The Black Sea Urea Price for December 2023 is reported to be US $354 per ton. This reflects a notable 8.17% decrease compared to the November 2023 price, which was US $385.5 per ton. Furthermore, when compared to the same month in the previous year (December 2022), the current price is significantly lower, experiencing a 31.84% reduction from the December 2022 price of US $519.38 per ton. These price dynamics indicate a shifting landscape in the global urea market, with potential implications for agricultural practices and economic considerations.

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