Urea Price
Urea: 400 USD/mt (World, 2026-07). Source: World Bank.
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 conversion uses monthly ECB reference rates since 1999 (some currencies joined later) — for comparison, not precise historical FX accounting. "Inflation-adjusted (real)" rescales each historical price to the purchasing power of the most recent month using the US CPI-U (Consumer Price Index for All Urban Consumers, not seasonally adjusted) — applied the same way regardless of which currency a price is displayed in, since CPI-U measures general US price levels, not an exchange rate. A rough, standard way to compare prices across decades, not a substitute for a commodity-specific or country-specific deflator.
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.
Latest World price (2026-07): -18% vs. the 5-year average, +9% vs. the 10-year average, -19% vs. a year ago.