Urea Prices Surge 52% Year-over-Year, Hitting 585 USD/T

Urea prices climbed to 585 USD/T on March 10, 2026, representing a modest 0.09% increase from the previous day's close of 584.50 USD/T. The commodity has experienced significant upward momentum over the past year, with prices now 52.15% higher than the same time last year. Over the past month alone, urea has surged 29.71%, reflecting strong demand and supply constraints in the agricultural sector.

The price chart shows urea trading between 350 and 600 USD/T throughout 2026, with the current price of 585 USD/T approaching the upper end of this range. The commodity reached its peak at 1,050 USD/T in 2019, though current prices remain well above the 212.50 USD/T low recorded during the same period.

Urea serves as a critical agricultural input, functioning primarily as a nitrogen-rich fertilizer that promotes green leafy growth and enhances photosynthesis in plants. It's also widely used as an animal feed additive. The Chicago Board of Trade (CBOT) facilitates active futures trading in urea, allowing producers, large consumers, and speculators to manage price risk through financial contracts.

Trading Economics tracks urea prices through over-the-counter (OTC) and contract for difference (CFD) instruments, providing real-time market data for this essential agricultural commodity. The 585 USD/T price point represents the benchmark for urea in the current market environment, with daily fluctuations reflecting broader agricultural commodity trends and supply chain dynamics.