Rising Costs of Granular Urea
As of April 20, 2026, granular urea prices in Egypt have surged significantly, reaching approximately $700 per ton. This stark increase is notably higher than the pre-war price range of $400 to $490 per ton. Such an uptick in fertilizer prices can have far-reaching implications on agricultural practices and food security in the region.
Factors Contributing to Price Instability
One of the primary contributors to this unprecedented price leap is the ongoing supply disruption in the Persian Gulf. According to UNCTAD, shipping through the vital Strait of Hormuz has experienced a dramatic collapse, with activity plummeting by over 95%. This has left key supplies, including nitrogen fertilizers, significantly locked up, augmenting the risks associated with future price fluctuations.
Exports Painting a Grim Picture
The severity of the situation becomes even more evident when examining export statistics. In March, urea exports from the Gulf region dwindled to about 300,000 tons, a sharp decline from the usual monthly volume of 1.7 million tons. Ahmed El-Hoshy, CEO of Fertiglobe, provided these insights, emphasizing the critical nature of the current agricultural supply chain challenges.
As the world navigates these turbulent waters, the agricultural sector must brace itself for continued volatility in fertilizer prices, impacting production and farming viability.
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