An analyst says farmers might want to consider locking in some of their urea supply at today’s prices.
David Pupo, a fertilizer market analyst, said the urea market has turned decidedly bullish, and growers should consider “inching in” some of their needs.
Urea prices have been volatile in 2025.
They were bearish in the summer but recently found support due to a variety of factors.
The biggest one was China suddenly suspending urea exports on Oct. 15.
China’s ban could last six months or even longer.
In the meantime, there has been solid demand from India due to good monsoon rains, falling domestic urea production and weak imports early in the year.
India’s urea inventory as of Aug. 1 was half of what it was at the same time in 2024.
