Black Sea Urea spot price
In March 2025, the Black Sea Urea price has experienced a notable 9.6% decline, falling to $394.50 per ton from $437 per ton in February 2025. This decrease reflects fluctuations in global urea supply and demand dynamics, influenced by seasonal trends, production levels, and market conditions in key exporting regions. Urea, being a critical nitrogen fertilizer, is heavily impacted by both agricultural cycles and geopolitical factors that affect production and transportation.
However, despite the recent month-to-month drop, the price is 20% higher compared to March 2024, when it stood at $330 per ton. This year-over-year increase indicates a sustained higher price level in the global urea market, driven by factors such as reduced supply from major exporting countries, disruptions in production due to energy price volatility, and strong global demand for fertilizers.
The price fluctuations in the Black Sea Urea market underscore the complex and volatile nature of global fertilizer markets, where changes in global supply chains, energy costs, and agricultural demand can lead to rapid and unpredictable price shifts. The significant jump in price from last year reflects ongoing pressures on production capacity and raw material costs, while the recent decline points to a potential stabilization or adjustment phase in the market after a period of price hikes.
Black Sea Urea spot price
