Urea Price
Latest price
407.5 USD/mt
Benchmark: Prilled urea, spot, FOB Middle East
Price Chart
How this year compares, month by month, to the typical pattern of recent years for the selected region.
Notable price events
- Russia's invasion of Ukraine — Russia's February 2022 invasion cut off two of the world's largest wheat and corn exporters and most of its sunflower oil supply almost overnight, while sanctions and blocked Black Sea shipping routes hit Russian fertilizer exports too - sending prices sharply higher within days across all four commodities at once, a rare case of one event moving so many markets simultaneously.
"World" is the global benchmark price (World Bank Pink Sheet, monthly since 1960, where available). Currency, unit and inflation conversions are explained in how agri.markets sources and calculates prices.
Price data table
Recent prices
| Period | Price (USD/mt) | Change |
|---|---|---|
| Sep 2026 | 407.5 | +4.5% |
| Aug 2026 | 390 | -2.5% |
| Jul 2026 | 400 | -11.7% |
| Jun 2026 | 453.1 | -41.2% |
| May 2026 | 770.5 | -10.1% |
| Apr 2026 | 856.9 | +18.1% |
| Mar 2026 | 725.6 | +53.7% |
| Feb 2026 | 472 | +13.6% |
| Jan 2026 | 415.4 | +5.8% |
| Dec 2025 | 392.5 | -4.1% |
| Nov 2025 | 409.3 | +3.8% |
| Oct 2025 | 394.4 | -14.5% |
Annual averages
| Year | Average (USD/mt) | Change |
|---|---|---|
| 2026 (year to date) | 543.44 | +28.6% |
| 2025 | 422.66 | +24.9% |
| 2024 | 338.28 | -5.5% |
| 2023 | 358.01 | -48.9% |
| 2022 | 700.03 | +44.9% |
| 2021 | 483.22 | +110.9% |
| 2020 | 229.1 | -6.6% |
| 2019 | 245.28 | -1.7% |
| 2018 | 249.45 | +16.6% |
| 2017 | 213.88 | +10.2% |
Market situation
Latest World price (2026-09): -16% vs. the 5-year average, +10% vs. the 10-year average, -12% vs. a year ago.
About Urea
The most widely used nitrogen fertilizer worldwide, applied to nearly every major crop. Production is gas-intensive (natural gas is both the feedstock and main energy source), so urea prices move closely with natural gas prices — European and Asian urea spiked hard in 2022 alongside the gas price shock. China, India, the US and Russia are the largest producers.
Nutrient content: 46-0-0 (N-P-K) — standard commercial grade.
Frequently Asked Questions
- Urea: what is the latest price?
- The latest price is 407.5 USD/mt (World, Sep 2026, monthly data, World Bank).
- Urea: how often is the price updated?
- agri.markets checks its sources every day and shows the newest value each of them has published. How often a value changes depends on the source; the period is shown next to the price.
- Urea: where does the price data come from?
- From World Bank. Each regional page names its own source.
- Urea: is this a live or futures price?
- No. agri.markets shows benchmark and regional prices from public statistical sources, not real-time exchange quotes.