New Orleans Urea Drops 36% to $453.50 a Ton, Erasing Iran-War Spike
Updated
Updated · Bloomberg · Jun 8
New Orleans Urea Drops 36% to $453.50 a Ton, Erasing Iran-War Spike
1 articles · Updated · Bloomberg · Jun 8
Summary
$453.50 per short ton marked New Orleans granular urea's lowest price since Feb. 6, according to Friday data from Bloomberg Green Markets.
The drop unwound the sharp rally that followed supply-chain disruption tied to the Iran conflict, reversing fertilizer gains built during the market shock.
Prices are now down 36% from mid-April, when granular urea surged to its highest level since 2022.