Urea futures steadied around the $310 per tonne level, trading at 10-month lows, as lower natural gas prices continued to offer fertilizer producers cost-effective feedstock. Abundant global natural gas supply, spurred by a mild winter, enabled manufacturers to ramp up production, aiding farmers in replenishing their reserves. Concurrently, the Indian government actively advocates reducing farmers' reliance on chemical fertilizers, citing concerns about soil fertility and human health. The country's imports decreased by 21% in 2023. Still, ongoing rebel attacks in the Red Sea have contributed to persistent trade uncertainties, posing a complex challenge for global trade.

Urea decreased 37 USD/T or 11.20% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Urea reached an all time high of 1050 in April of 2022. This page includes a chart with historical data for Urea. Urea - data, forecasts, historical chart - was last updated on April 26 of 2024.

Urea decreased 37 USD/T or 11.20% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Urea is expected to trade at 299.12 USD/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 268.71 in 12 months time.



Price Day Month Year Date
Bitumen 3,748.00 15.00 0.40% 3.51% 1.30% Apr/26
Cobalt 27,830.00 0 0% -2.52% -20.33% Apr/25
Lead 2,239.00 22.00 0.99% 14.06% 5.52% Apr/26
Aluminum 2,603.50 24.50 0.95% 13.27% 12.27% Apr/26
Tin 31,836.00 -102 -0.32% 15.43% 24.44% Apr/24
Zinc 2,894.50 41.50 1.45% 18.77% 10.43% Apr/26
Nickel 19,409.50 218 1.14% 18.24% -19.34% Apr/26
Molybdenum 502.50 -5.00 -0.99% 10.44% -28.36% Apr/26
Palladium 985.50 -6.50 -0.66% 0.22% -34.09% Apr/26
Gallium 2,195.00 0 0% 4.77% 20.27% Apr/26
Germanium 9,650.00 0 0% 2.12% 3.76% Apr/26
Manganese 35.25 1.50 4.44% 16.53% 10.16% Apr/26
Indium 2,425.00 0 0% 18.00% 62.21% Apr/26
Kraft Pulp 6,162.00 20.00 0.33% 1.02% 17.42% Apr/24
Magnesium 19,500.00 -200 -1.02% 4.28% -20.57% Apr/26
Polyethylene 8,343.00 -2.00 -0.02% 1.86% 0.82% Apr/25
Polyvinyl 5,759.00 6.00 0.10% -1.67% -5.61% Apr/24
Polypropylene 7,539.00 16.00 0.21% 0.87% -1.17% Apr/25
Soda Ash 2,000.00 0 0% 2.04% -24.53% Apr/26
Neodymium 495,000.00 0 0% 13.14% -12.39% Apr/26
Tellurium 595.00 0 0% 2.59% -0.83% Apr/26
Urea 293.50 -17.50 -5.63% -19.70% -15.54% Apr/25
Di-ammonium 547.50 0 0% -12.61% -13.10% Apr/25
Rhodium 4,715.00 -25 -0.53% 2.50% -41.06% Apr/24


Urea
Urea is commonly used in agriculture as a fertiliser and an animal feed additive. The primary function of urea fertiliser is to provide nitrogen to plants to promote green leafy growth and make the plants appear lush. Urea also helps plants with photosynthesis. Urea futures are widely traded on the Chicago Board of Trade (CBOT). Futures contracts for Urea are financial instruments that allow producers, large consumers, and speculators, to offset or assume the risk of a price change of holding a quantity of Urea over time. Prices for Urea displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.
Actual Previous Highest Lowest Dates Unit Frequency
293.50 311.00 1050.00 212.50 2019 - 2024 USD/T daily