Global Urea Price Plunge; 13% Drop in Middle East and Indian Markets
Collected and Compiled by: Nader Salek
Based on a report by Argus Nitrogen dated September 4, 2025, the global urea market faced a downward trend in most regions last week. The largest declines were recorded in the Middle East and Indian markets, which experienced a price drop of approximately 13%.
Prices (USD per tonne)
- Brazil (CFR): 440–460 ⬇️ (Previous week: 475–495)
- Turkey (CFR): ≈450 (Iranian offers)
- Middle East (FOB): 435–450 ⬇️ (Previous week: 505–515)
- India (CFR): 462.45–464.70 ⬇️ (Previous week: 530–532)
- Tanzania (CFR): Not reported
- Iran (FOB): 380–392
Key Points
- Brazil: ~7% decrease due to weak demand and full inventories.
- Middle East: ~13% drop under pressure from supply and competition from India’s large tender.
- India: 12–13% decrease in the NFL tender; a sign of relative market saturation.
- Iran: The region’s cheapest supplier at $380–392 FOB.
- Turkey: Quiet market; Iranian offers at around $450 CFR.
- Tanzania: Official price not announced.
Summary
The urea market is assessed as weak at the beginning of September 2025.
- Buyers can take advantage of low prices.
- Sellers are forced to manage supply and make sales terms more attractive.
- Policymakers can enhance domestic stability through tariffs and subsidies.
(Source: Argus Nitrogen – September 4, 2025)
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