Nitrogen
Overview
The ease of urea availability east and west of Suez has shaped the current trade flows of this key nitrogen fertilizer. Despite challenges posed by energy prices and military conflicts, key import markets such as India, Australia, and Latin America remain robust. But structural oversupply and the role of China as a swing exporter have led to price volatility as this fast-moving market seeks equilibrium, more so during seasonally high-demand periods.
Our extensive nitrogen coverage includes prilled and granular urea, UAN, ammonium nitrate, and ammonium sulphate. Argus has many decades of experience covering the nitrogen market and incorporates our multi-commodity market expertise in key areas including ammonia and natural gas to provide the full market narrative.
Argus support market participants with:
- Daily and weekly nitrogen price assessments, proprietary data and market commentary
- Short and medium to long-term forecasting, modelling and analysis of urea prices, supply, demand, trade and projects
- Bespoke consulting project support
Latest nitrogen news
Browse the latest market moving news on the global nitrogen industry.
Australia’s ACCC approves Elders’ purchase of Delta Ag
Australia’s ACCC approves Elders’ purchase of Delta Ag
Sydney, 9 October (Argus) — The Australian Competition and Consumer Commission (ACCC) approved Australian agribusiness Elders' A$475mn ($314mn) acquisition of fellow agribusiness Delta Ag today. The decision was made after the ACCC accepted a court-enforceable undertaking that commits Elders to divest six Delta stores in Western Australia. Elders operates over 246 retail stores while Delta has 64 stores across Australia. Elders announced its acquisition of Delta in November 2024 . The ACCC raised concerns about the deal in May this year . The acquisition was originally expected to be completed in the first half of 2025. Delta has about 45,000t of fertilizer storage on Australia's east coast. By Tom Woodlock Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Indian urea stocks rise on another month of lower sales
Indian urea stocks rise on another month of lower sales
Amsterdam, 6 October (Argus) — Indian urea stocks increased to 4.9mn t at the end of September, albeit from a comparatively low base, driven up by another month of constrained sales. Stocks remain lower than a year earlier, at nearly 30pc below the 6.8mn t held at the end of September last year, the latest provisional data show. But countrywide inventories have increased from estimates of as low as 3.5mn t at the end of August. Stocks in India have picked up because of another drop in sales in September, following a similar pattern in August. The reduction is likely to be because of tight availability of urea in the country rather than any material drop in demand from farmers, with the strong monsoon rains outpacing initial forecasts. Urea sales were likely to have been around 2.5mn t in September, down from nearly 3.1mn t in the same month last year. Production is largely understood to have been broadly stable on last year at 2.43mn t. Provisional data for imports have yet to emerge, but a series of tenders in quick succession will have eased downward pressure on stocks in recent months, with Indian firms buying 5.57mn t across three tenders in July-September. Importer RCF will close another tender on 15 October , seeking to buy around 2mn t of urea, with cargoes due to load by 10 December. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Fertiglobe buys Wengfu's Australian fertilizer assets
Fertiglobe buys Wengfu's Australian fertilizer assets
Sydney, 2 October (Argus) — UAE-based chemicals and fertilizer supplier Fertiglobe completed its acquisition of Chinese-owned Wengfu Australia's distribution assets on 1 October, expanding further into Asia-Pacific. Fertiglobe now owns Wengfu's distribution assets including eight warehouses across five ports on Australia's east coast with 700,000-800,000 t/yr of distribution capacity, which Fertiglobe said it may scale up to 1.1mn t/yr. Fertiglobe can produce 6.6mn t/yr of saleable urea and ammonia from its operations in the UAE, Egypt and Algeria. The acquisition, first announced in May , will widen Fertiglobe's business to include phosphate and potassium-based fertilizers alongside the existing nitrogen products. The firm has announced plans to sell lower emissions fertilizers into the Australian market. Australia's federal Labor government recommended sustainable fertilizer products, such as nitrification inhibitors, in its agriculture and land sector plan released in September as part of its legislated 2035 emissions reduction target. Fertiglobe completed the acquisition on the same day that Australian explosives manufacturer Dyno Nobel sold its fertilizer distribution arm to Australian agri-business Ridley . By Susannah Cornford Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Turkish amsul imports cross 1mn t in 1H25
Turkish amsul imports cross 1mn t in 1H25
London, 1 October (Argus) — Turkey's ammonium sulphate (amsul) imports reached a record 1.02mn t in the first half of this year, up by over 79pc on the year, despite little to no change in domestic demand. High amsul imports were probably driven by an even higher volume of amsul exports from China, which accounts for practically all of Turkey's receipts, according to trade data. Amsul deliveries to Turkey totalled over 966,000t in January-April, an almost 115pc increase on the year. Imports then fell by 44pc on the year in May-July to just over 84,000t. China's amsul exports have risen from just over 5.2mn t in 2015 to 17.13mn t in 2024 — the highest on record — driven largely by domestic capacity expansions. Exports in the second half of the year have always surpassed those in the first half, typically driven by deliveries to Turkey and Brazil ahead of their peak seasons spanning December to February. Brazil is largely a compacted amsul market, while Turkey takes both grades but prefers standard material for domestic use. China exported close to 10.59mn t in the second half of 2024, a 2.5mn t increase on the year. Amsul re-exports grow Amsul re-exports from Turkey rose to just over 145,000t in January-July, up from nearly 30,000t in the same period last year. Egypt was the largest recipient this year with over 46,000t, followed by Ukraine on just over 23,000, the data show. The availability of more amsul in Turkey earlier this year allowed for the higher re-exports. Imports of Chinese amsul carry a 6.5pc duty in the EU. Importing directly from China also often requires buyers to commit to much larger volumes ahead of time. At the same time, Turkey's urea imports have remained largely steady this year, indicating little to no swapping between the two nitrogen fertilizers. Turkish buyers returned to the amsul market earlier this month, bidding in the low $160s/t cfr with 180-270 days' credit for standard amsul against the latest offers for October and November shipment cargoes at around $170/t cfr with 180-270 days' credit. Compacted amsul offers were indicated in the high $180s/t cfr with similar credit and shipping terms. By Upasruti Biswas Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Argus Fertilizer Market Highlights
The complimentary Argus Fertilizer Market Highlights package includes:
• Bi-weekly Fertilizer Newsletter
• Monthly Market Update Video
• Bi-monthly Fertilizer Focus Magazine
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
Explore our nitrogen products
Region and country focused market intelligence
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.