In Q1 2025, the global Urea market exhibited a generally upward price trend, supported by firm demand fundamentals and constrained supply across key exporting regions, although a correction was observed toward the end of the quarter. In the Asia Pacific region, including China, India, Indonesia, and Malaysia, the price trend remained mixed.
China’s FOB Shanghai prices recorded a slight quarterly decline; however, March 2025 showed a price trend increased by ~11%, indicating late-quarter recovery driven by improved export interest. India’s import markets at Kandla reflected strong gains due to higher FOB prices in Oman and Saudi Arabia, though March 2025 registered a price trend decreased by ~7% and ~9%, respectively, due to easing buying activity.
Southeast Asian markets such as Indonesia and Malaysia maintained a positive quarterly trend, supported by steady agricultural demand, despite March declines.
In the Middle East, comprising Saudi Arabia, Oman, Qatar, and the UAE, the price trend remained strongly bullish during the quarter due to tight supply and firm export demand, although March 2025 saw prices decreasing across all major FOB hubs.
In Europe and North America, the market maintained stable-to-firm sentiments with balanced supply-demand conditions, while South America followed a similar upward trajectory aligned with import dependency. Overall, the global Urea market reflected strong quarterly gains with a late-quarter correction in March 2025.
India
According to the Price Watch, during Q1 2025, Urea prices in India exhibited a firm yet fluctuating price trend across both import and domestic markets, primarily influenced by elevated international benchmarks and evolving downstream demand dynamics.
In the import segment, Granular Fertilizer Grade Urea CIF Kandla (Oman) recorded a strong quarterly increase, driven by higher FOB prices in Oman amid tightening global supply and active procurement by Indian buyers; however, in March 2025, the price trend decreased by ~7% as buying activity slowed and inventories normalized.
Similarly, Technical Grade Urea (TGU) CIF Nhava Sheva (China) prices followed an upward trajectory due to steady industrial demand and firm Chinese export pricing, with March 2025 reflecting a price trend increased by ~3%. In contrast, Automotive Grade Urea (AGU) CIF Nhava Sheva showed a more moderated quarterly increase, with March 2025 witnessing a price trend decreased by ~4% due to softer automotive sector demand.
On the domestic front, Ex-Vadodara TGU prices experienced a price trend increased by ~3% in March 2025 supported by improved industrial offtake, while AGU prices declined by ~4% due to demand-side adjustments. Overall, the Indian Urea market reflected a combination of strong import cost pressures and mixed downstream consumption patterns during the quarter.
In Q1 2025, Urea prices from Saudi Arabia increased to USD 440/MT CFR JNPT, marking a sharp rise from Q4 2024. This sharp uptick has been primarily driven by persistent demand from the Indian sub-continent amidst upcoming kharif season and thus hefty procurement from fertilizer producers. Additionally, elevated natural gas prices urea’s main production cost continue to exert upward pressure on manufacturing expenses.
Demand also remained firm due to strategic procurement by import-dependent countries like India, further supporting prices. Overall, Urea price increase reflected a confluence of supply constraints, energy market volatility, and strong seasonal demand in major agricultural markets.
In Q2 2025, the global Urea market exhibited a mixed price trend, with regional disparities driven by shifting demand patterns and supply dynamics. In the Asia Pacific region, comprising China, India, Indonesia, and Malaysia, the price trend remained uneven.
China recorded a strong upward momentum in FOB Shanghai prices, marking a significant quarterly increase, supported by firm domestic demand and controlled supply, while Technical Grade Urea and Automotive Grade Urea showed modest to mixed quarterly movements.
In contrast, India’s CIF markets at Kandla and Nhava Sheva experienced slight declines due to softer import prices influenced by relatively stable-to-lower FOB benchmarks in the exporting countries, although June 2025 witnessed a price trend increasing across several grades.
Indonesia and Malaysia showed marginal quarterly declines despite a positive price trend in June 2025, supported by improved regional demand.
In the Middle East, including Saudi Arabia, Oman, Qatar, and the UAE, the price trend remained largely stable to slightly positive on a quarterly basis, though June 2025 reflected a consistent decreasing trend due to steady supply availability and competitive export pricing.
In Europe and North America, market sentiment remained balanced with limited volatility, while South America followed a stable-to-soft trajectory aligned with global supply sufficiency. Overall, the global Urea market reflected a balanced yet regionally divergent price trend during the quarter.
India
According to the Price Watch, during Q2 2025, Urea prices in India demonstrated a mixed and largely stable-to-soft price trend across both import and domestic markets, influenced by balanced supply availability and moderate downstream demand.
In the import segment, Granular Fertilizer Grade Urea CIF Kandla (Saudi Arabia) reflected a slight quarterly decline due to relatively stable-to-lower FOB benchmarks in Saudi Arabia and sufficient global supply.
Additionally, steady freight conditions and adequate inventory levels in the domestic market limited upward pressure, while in June 2025, the price trend decreased by ~6% compared to the previous month.
In the domestic market, Technical Grade Urea (TGU) and Automotive Grade Urea (AGU) Ex-Vadodara prices experienced marginal quarterly declines due to stable production levels supported by consistent Natural Gas availability and controlled demand from the automotive and industrial sectors.
However, in June 2025, both segments recorded a price trend increased by ~6% and ~5%, respectively, amid improved offtakes. Meanwhile, Granular Fertilizer Grade Urea Ex-Factory prices remained stable throughout the quarter due to subsidized.
Urea prices showed a marginal 1% quarter‑on‑quarter increase in Q2 2025, reflecting a volatile global supply backdrop and geopolitical disruptions in the Middle East. Escalating tensions between the US and Iran raised concerns over urea export flows from key producers like Qatar and Iran, which together account for a significant share of India’s imports.
Indian tenders remained sporadic but strategically timed to capture lower values in early June before the sharp rally triggered by Nola barge price spikes. Tightening global supply and fears of logistical constraints through the Strait of Hormuz supported late‑quarter firmness. Buyers focused on securing cargoes ahead of the kharif season. According to PriceWatch, Urea prices ended Q2 2025 at USD 445/MT CFR JNPT.
In Q3 2025, the global Urea market experienced a mixed but predominantly downward price trend, reflecting regional supply-demand imbalances and easing cost pressures.
In the Asia Pacific region, including China, India, Indonesia, and Malaysia, the price trend softened due to subdued agricultural demand and stable feedstock Natural Gas availability, which supported consistent production levels.
China witnessed declining export prices, with both Technical Grade Urea and Automotive Grade Urea registering monthly declines in September 2025, while India’s import markets at Kandla and Nhava Sheva reflected weaker CIF values due to reduced upstream FOB prices and moderate domestic demand.
In the Middle East, covering Saudi Arabia, Oman, Qatar, and the UAE, the price trend remained bearish as ample production capacity and steady export flows weighed on prices, with September 2025 showing consistent declines across FOB benchmarks.
In Europe and North America, limited direct pricing data suggested stable-to-soft sentiments influenced by balanced supply and moderate consumption.
Meanwhile, in South America, pricing trends aligned with global softness due to sufficient import availability. Overall, the global Urea market reflected a quarterly correction phase, with most regions experiencing price declines in September 2025, driven by adequate supply, steady production, and cautious buying activity.
China:Â Urea Exported Price Trend in China, Granular Fertilizer Grade FOB Shanghai
In Q3 2025, Urea Price trend in China exhibited a firm upward price trend, primarily driven by strong Agricultural Demand during the late summer application season and tightened export availability from domestic producers.
Elevated Natural Gas costs in certain producing regions supported higher production expenses, while disciplined output management limited spot market availability. Additionally, firm International Trade activity, particularly from South Asian and Latin American buyers, strengthened export realizations from Chinese suppliers.
However, toward the end of the quarter, improved port inventories and moderated overseas inquiries exerted downward pressure on spot offers. In September 2025, Urea prices in China decreased by around 6% compared to the previous month, reflecting softer export bookings and cautious procurement strategies.
Overall, Urea FOB price in China during the quarter, registering a quarterly increase of around 26%. The combination of export-driven demand strength and supply-side cost support defined the prevailing Urea price trend in the Chinese market under FOB Shanghai terms.
China: Urea Exported Price Trend in China, Technical Grade Urea (TGU) FOB Qingdao
In Q3 2025, Urea price trend in China exhibited a mixed trajectory, initially supported by stable downstream industrial demand and balanced supply conditions, followed by a correction toward the end of the quarter.
Adequate feedstock Natural Gas availability ensured steady production rates across major manufacturing hubs supported consistent export flows during the early part of the quarter.
However, as inventories gradually built up and buying interest from key importing regions softened, pricing momentum weakened. Additionally, cautious procurement behavior and sufficient availability in regional markets contributed to downward pressure on export prices.
In September 2025, Urea prices in China decreased by around 6% from the previous month reflected easing demand fundamentals and ample supply. Technical Grade Urea price in China, marking a quarterly increase of ~12%, indicated that early-quarter strength outweighed the late-quarter correction.
China: Urea Exported Price Trend in China, Automotive Grade Urea (AGU) FOB Qingdao
In Q3 2025, Urea price trend in China demonstrated an initial upward trajectory followed by a notable correction toward the end of the quarter, reflecting shifting market fundamentals.
Stable feedstock Natural Gas availability supported consistent production levels across major facilities, while steady industrial demand from the automotive emissions segment sustained early-quarter price strength.
International Trade & Logistics conditions remained stable, facilitating regular export activity during the initial months. However, as inventories accumulated and export demand from key global markets softened, pricing pressure emerged.
Additionally, cautious procurement strategies and sufficient product availability in importing regions contributed to the downward adjustment in prices.
In September 2025, automotive grade urea prices in China decreased by ~7% from the previous month, highlighted the impact of weakening demand and ample supply. Overall, Urea price in China, marking a quarterly increase of ~13%, reflected stronger price realizations in the earlier part of the quarter despite the late-quarter decline.
India:Â Urea Imported Price Trend in India, Granular Fertilizer Grade CIF Kandla (Oman)
In Q3 2025, Granular fertilizer grade Urea price trend in India demonstrated a fluctuating yet overall firm price trend, primarily influenced by dynamics in the exporting market of Oman and shifting agricultural demand patterns.
The imported CIF Kandla prices were significantly impacted by movements in Oman’s FOB market, where Natural Gas costs, a key feedstock for Urea production, remained elevated during the early part of the quarter, tightening production economics and sustaining higher export offer levels.
Additionally, steady procurement activity from major Asian buyers and firm seasonal Agricultural Demand in India ahead of the kharif application cycle supported import volumes at relatively elevated levels.
Supply chain conditions were stable, with no major freight disruptions reported, allowing consistent cargo flows into Kandla. However, toward the end of the quarter, improved supply availability from Middle Eastern producers eased some pressure on import prices.
In September 2025, Granular fertilizer grade Urea prices in India decreased by 10% from the previous month, reflecting softening FOB Oman indications and moderated buying momentum, marking a quarterly increase of around 10% for Granular Fertilizer Grade CIF Kandla (Oman).
India: Urea Imported Price Trend in India, Automotive Grade Urea (AGU) CIF Nhava Sheva (China)
In Q3 2025, Automotive Grade Urea price trend in India reflected a firm yet fluctuating trajectory, primarily influenced by pricing dynamics in the Chinese export market and evolving import cost structures.
Higher FOB prices in China during the initial phase of the quarter supported elevated CIF import prices in India, as steady industrial demand for Automotive Grade Urea and consistent procurement activity sustained buying momentum.
However, rising freight csot and firm supplier offers contributed to increased landed costs. Toward the end of the quarter, easing export prices from China, driven by sufficient inventory levels and moderated demand, translated into softer import prices in India.
In September 2025, automotive grade Urea prices in India decreased by 6% from the previous month, due to lower Chinese FOB prices. Automotive grade urea price in India, marking a quarterly increase of ~15%, indicated stronger price levels during the early quarter despite the late-quarter correction.
India: Urea Domestic Price Trend in India, Technical Grade Urea (TGU) Ex-Vadodara
In Q3 2025, Technical Grade Urea price trend in India exhibited a firm yet fluctuating pattern, supported by steady downstream industrial demand and stable domestic production dynamics.
Adequate availability of feedstock Natural Gas ensured consistent operating rates across local manufacturing units, maintaining sufficient supply during the initial part of the quarter. Additionally, stable inventory levels and balanced supply-demand fundamentals contributed to price stability and supported upward momentum in domestic markets.
However, toward the latter part of the quarter, easing demand from end-use industries and competitive pricing pressure from imported material influenced a downward correction in domestic prices. Regional differences in procurement activity and cautious buying sentiment further weighed on price realizations.
In September 2025, Urea prices in India decreased from the previous month, decreasing by ~6%, reflecting softer demand conditions and improved supply availability. Overall, Urea price in India, marking a quarterly increase of ~14%, indicated stronger price levels during the early phase of the quarter despite the late-quarter correction.
India: Urea Domestic Price Trend in India, Automotive Grade Urea (AGU) Ex-Vadodara
In Q3 2025, Urea price trend in India demonstrated a firm yet moderating trajectory, supported by stable domestic supply conditions and consistent demand from the automotive sector during the early part of the quarter.
Adequate feedstock Natural Gas availability ensured uninterrupted production across domestic manufacturing facilities, maintaining sufficient inventory levels and supporting price stability. Additionally, steady procurement activity from downstream industries contributed to upward price momentum initially.
However, as the quarter progressed, easing demand fundamentals and competitive pressure from relatively lower-priced imports influenced market sentiment. Improved supply availability and cautious purchasing behavior across regions further contributed to price corrections toward the end of the quarter.
In September 2025, Automotive Grade Urea prices in India decreased by ~6 from the previous month, reflected softer demand and balanced supply conditions. Overall, Automotive Grade Urea price in India, marking a quarterly increase of 14%, indicated stronger pricing in the earlier months despite the late-quarter decline.
India: Urea Domestic Price Trend in India, Granular Fertilizer Grade Ex-Factory
In Q3 2025, Urea price trend in India remained largely stable, reflecting a balanced domestic market supported by regulated pricing mechanisms and steady supply-demand fundamentals.
Adequate availability of feedstock Natural Gas ensured consistent production levels across domestic plants, maintaining sufficient inventory and preventing any supply-side pressure. Additionally, stable agricultural demand during the quarter, aligned with seasonal consumption patterns, supported steady offtake without causing significant price volatility.
The domestic market was further characterized by controlled distribution and pricing policies, which limited fluctuations despite changes in global market dynamics.
In September 2025, Granular Fertilizer Grade Urea prices in India remained stable compared to the previous month, recording no change, reflecting balanced supply and steady demand conditions. Granular Fertilizer Grade Urea price in India, marking a quarterly stable trend of indicated a controlled pricing environment with minimal volatility.
Indonesia:Â Urea Exported Price Trend in Indonesia, Granular Fertilizer Grade FOB Tanjung Perak
In Q3 2025, Urea price trend in Indonesia exhibited a strong upward price trend during the initial two months of the quarter, supported by firm export demand from key Asian destinations and elevated Natural Gas costs that influenced domestic production economics.
As Indonesia is a significant exporter, FOB Tanjung Perak pricing reflected tightening regional supply conditions and active procurement from import-dependent markets amid peak agricultural application seasons.
International Trade & Logistics remained relatively stable; however, competitive bidding activity in Southeast Asia and South Asia contributed to firmer export offers, pushing prices upward through July and August. Toward the end of the quarter, improved cargo availability and moderated buying interest exerted downward pressure on spot offers.
In September 2025, Urea prices in Indonesia decreased by 7% compared to the previous month, reflecting easing export inquiries and balanced supply-demand fundamentals. Overall, Urea FOB price in Indonesia registering a quarterly increase of 15.87% for Granular Fertilizer Grade FOB Tanjung Perak.
Malaysia:Â Urea Exported Price Trend in Malaysia, Granular Fertilizer Grade FOB Port Kelang
In Q3 2025, Urea price trend in Malaysia followed a pronounced upward price trend during the first half of the quarter, underpinned by firm export demand from South and Southeast Asian markets amid active agricultural procurement cycles.
Elevated Natural Gas prices during the period increased upstream production costs for Malaysian producers, thereby strengthening FOB offer levels at Port Kelang.
Regional Differences in supply availability across Southeast Asia, coupled with steady nomination volumes from key importing countries, tightened spot availability and supported higher transaction values through July and August.
International Trade & Logistics conditions remained largely stable, enabling consistent export flows without significant freight disruptions. However, toward the end of the quarter, improved supply positioning and moderated buying interest from major destinations exerted downward pressure on export quotations.
In September 2025, Urea prices in Malaysia decreased by around 7% compared to the previous month, reflecting easing demand momentum and more balanced supply-demand fundamentals. Overall, Urea FOB price in Malaysia, registering a quarterly increase of around 17% for Granular Fertilizer Grade FOB Port Kelang.
Oman:Â Urea Exported Price Trend in Oman, Granular Fertilizer Grade FOB Sohar
In Q3 2025, Urea price trend in Oman exhibited a mixed but overall upward price trend during the early phase of the quarter, primarily driven by firm export demand from South Asia and East Africa and supported by stable to elevated Natural Gas input costs that sustained production economics.
As a key Middle Eastern exporter, FOB Sohar pricing reflected active international tenders and steady lifting schedules, which tightened prompt cargo availability during July and August. Regional Differences in supply, particularly balanced output across Gulf producers, contributed to competitive yet firm export offers.
International Trade & Logistics flows remained consistent, ensuring smooth cargo movements without notable supply chain disruptions. However, toward the latter part of the quarter, improved supply positioning and reduced spot buying interest exerted downward pressure on export quotations.
In September 2025, Urea prices in Oman decreased by around 11% compared to the previous month, reflecting softened demand momentum and easing tender activity. Overall, Urea FOB price in Oman in Q3 2025, marking a quarterly increase of around 8% for Granular Fertilizer Grade FOB Sohar.
Qatar:Â Urea Exported Price Trend in Qatar, Granular Fertilizer Grade FOB Mesaieed
In Q3 2025, Urea price trend in Qatar reflected a firm but fluctuating price trend, largely influenced by export-oriented supply-demand dynamics and feedstock cost structures. Elevated Natural Gas benchmarks during the early part of the quarter sustained production economics for Qatari producers, reinforcing FOB offer levels at Mesaieed.
Strong Agricultural Demand from South Asian importers and active international tenders supported cargo nominations in July and August, tightening prompt availability and driving upward price momentum.
Regional Differences in supply across key Middle Eastern exporting nations also contributed to competitive yet firm pricing structures. International Trade & Logistics operations remained stable, ensuring uninterrupted export flows without significant supply chain disruptions.
However, toward the close of the quarter, improved cargo availability and reduced spot buying interest led to corrective price adjustments.
In September 2025, Urea prices in Qatar decreased by around 12% compared to the previous month, reflecting softened procurement activity and easing export inquiries. Overall, FOB Mesaieed prices in Q3 2025, marking a quarterly increase of around 8% for Granular Fertilizer Grade FOB Mesaieed.
Russia:Â Urea Exported Price Trend in Russia, Granular Fertilizer Grade FOB Novorossiysk
In Q3 2025, Urea price trend in Russia demonstrated a firm upward price trend throughout the early part of the quarter, driven by tight domestic supply conditions and strong export demand across European and Middle Eastern markets.
Elevated Natural Gas prices, a critical feedstock for Urea production, contributed to higher production costs and strengthened FOB Novorossiysk offer levels. Regional Differences in supply availability, particularly constrained volumes from neighboring Eastern European producers, supported competitive pricing for prompt cargoes.
International Trade & Logistics remained largely stable, allowing uninterrupted export flows, while sustained Agricultural Demand in importing countries kept tender activity active and import inquiries robust. However, toward the end of the quarter, moderate buying interest and improved supply availability led to a downward adjustment in offers.
In September 2025, Urea prices in Russia decreased by around 12% compared to the previous month, reflecting easing demand momentum and corrective price action. Overall, Urea FOB price in Russia in Q3 2025, registering a quarterly increase of around 18% for Granular Fertilizer Grade.
Saudi Arabia:Â Urea Exported Price Trend in Saudi Arabia; Granular Fertilizer Grade FOB Jubail
In Q3 2025, Urea price trend in Saudi Arabia experienced a firm upward price trend during the early months of the quarter, largely driven by sustained export demand from key Asian and African markets and elevated Natural Gas prices, which maintained higher production costs for domestic manufacturers.
FOB Jubail pricing was further supported by limited regional supply availability and competitive international tender activity, which tightened prompt cargoes and bolstered offers.
International Trade & Logistics operations remained stable, allowing consistent shipment schedules, while strong Agricultural Demand in importing countries contributed to active procurement and upward momentum in offers. However, toward the end of the quarter, improved supply accessibility and moderated buying interest led to a downward adjustment in prices.
In September 2025, Urea prices in Saudi Arabia decreased by 12% from the previous month, reflecting easing demand and corrective market action. Overall, Urea FOB in Saudi Arabia in Q3 2025, marking a quarterly increase of around 8% for Granular Fertilizer Grade.
UAE:Â Urea Exported Price Trend in UAE; Granular Fertilizer Grade FOB Ruwais Port
In Q3 2025, Urea price trend in the UAE maintained a firm upward price trend during the early part of the quarter, supported by steady export demand across South and Southeast Asian markets and elevated Natural Gas prices that sustained production costs for domestic manufacturers.
FOB Ruwais Port pricing was further strengthened by limited regional supply availability and active international tenders, which tightened prompt cargoes and reinforced offer levels.
Regional Differences among Middle Eastern producers created competitive pricing pressures, while International Trade & Logistics remained stable, allowing consistent shipment schedules without notable disruptions.
Agricultural Demand in key importing countries also contributed to active procurement, underpinning early-quarter price momentum. Toward the end of the quarter, moderate buying interest and improved supply availability prompted corrective downward adjustments in offers.
In September 2025, Urea prices in the UAE decreased by 10.8% compared to the previous month, reflecting easing demand and softened tender activity. Overall, Urea FOB price in UAE registered a quarterly increase of around 8% for Granular Fertilizer Grade.
In Q4 2025, the global granular urea fertilizer grade market faced broad downward price pressure from easing demand and improved supply across major regions, with month-end adjustments remaining largely muted.
In Asia Pacific, China declined quarterly due to moderated domestic agricultural demand and stable feedstock, holding steady in December. Indonesia and Malaysia retreated from softer regional exports and balanced inventories, with minor December corrections.
In South Asia, India’s Middle East imports fell quarterly but edged up slightly in December from targeted procurement. The Middle East saw quarterly drops despite steady export tenders, with small December gains amid easing demand.
Europe experienced the sharpest quarterly decline from subdued demand and abundant supply, continuing downward into December. Overall, Q4 signalled a global correction after Q3 firmness, influenced by region-specific factors that stabilized prices by quarter-end.
China:Â Urea Exported Price Trend in China, Granular Fertilizer Grade FOB Shanghai
In Q4 2025, Urea price trend in China experienced a moderated downward price trend, primarily driven by easing domestic demand in the agricultural sector and ample inventory levels across key production hubs.
Stable feedstock Natural Gas availability supported consistent production, preventing sharper declines despite weaker off-take during the quarter.
International Trade & Logistics remained uninterrupted, facilitating steady export flows, though subdued regional and global buying interest contributed to reduced upward momentum.
In December 2025, Urea prices in China remained stable compared to the previous month, recording no change, as market participants awaited clearer demand signals before adjusting offers.
Overall, Urea price in China FOB Shanghai prices for Granular Fertilizer Grade, marking a quarterly decrease by around 9%. The price trend reflected a combination of balanced supply, moderated agricultural consumption, and cautious market sentiment, aligning with the broader corrective phase observed in the global Urea market during Q4 2025.
China:Â Urea Exported Price Trend in China, Technical Grade Urea (TGU) FOB Qingdao
In Q4 2025, Urea price trend in China experienced a declining trajectory, primarily influenced by regulatory interventions and weakening export momentum during the quarter. The Chinese government’s tightening control over Technical Grade, significantly restricted outbound shipments and reduced international trade activity. Additionally, sufficient domestic inventory levels placed further downward pressure on prices. Feedstock Natural Gas and coal availability remained stable, ensuring consistent production rates, which contributed to oversupply conditions within the domestic market. Furthermore, the announcement of export restrictions effective mid-October dampened market sentiment, leading to cautious procurement behavior among buyers. In December 2025, Urea prices in China decreased from the previous month, decreasing by around 8%, reflecting continued pressure from restricted export avenues and soft demand conditions.
China: Urea Exported Price Trend in China, Automotive Grade Urea (AGU) FOB Qingdao
In Q4 2025, Urea price trend in China for Automotive Grade Urea (AGU) experienced a notable downward price trend, primarily driven by stringent government regulations and declining export activity during the quarter.
The announcement and implementation of export restrictions beginning mid-October significantly curtailed outbound shipments and limiting access to global markets. This led to an accumulation of inventories within domestic markets, exerting downward pressure on prices.
Additionally, stable feedstock Natural Gas and coal availability ensured consistent production levels, further intensifying oversupply conditions amid reduced export demand. Industrial consumption remained subdued, particularly from the automotive sector, contributing to weaker market sentiment.
The policy-driven export curbs also reduced arbitrage opportunities, dampening price support from international buyers.
In December 2025, Automotive Grade Urea prices in China decreased from the previous month by around 9%, reflecting continued impact of restricted exports and soft demand fundamentals.
India:Â Urea Imported Price Trend in India, Granular Fertilizer Grade CIF Kandla (Oman)
In Q4 2025, Urea price trend in India under CIF Kandla (Oman) followed a moderated corrective price trend, primarily influenced by softer import demand and stable supply conditions from Oman.
International Trade & Logistics remained efficient, ensuring consistent arrivals, while regional variations in domestic agricultural uptake slightly tempered procurement activity. Natural Gas Prices in Oman stayed stable, supporting uninterrupted production and limiting abrupt fluctuations in export offers.
In December 2025, Urea prices in India increased by 2.3% from the previous month, reflecting short-term market adjustments amid the broader quarterly decline. Overall, CIF Kandla (Oman) prices in Q4 20225 for Granular Fertilizer Grade, marking a quarterly decrease of around 7%. The FOB Oman pricing dynamics and logistical consistency underpinning the CIF price levels.
The market-maintained equilibrium between supply availability and measured domestic consumption, with no major plant shutdowns or capacity expansions impacting export flows during the quarter, consistent with the broader Urea pricing corrections observed across the Asia-Pacific region.
India: Urea Imported Price Trend in India, Technical Grade Urea (TGU) CIF Nhava Sheva (China)
In Q4 2025, Urea price trend in India for Technical Grade Urea (TGU) CIF Nhava Sheva from China experienced a downward price trend, primarily influenced by weaker import prices from the exporting country and subdued downstream demand.
The Chinese market witnessed declining FOB prices amid ample domestic availability and restricted export activity following regulatory interventions announced in mid-October, which limited international trade flows. This resulted in relatively cheaper import offers to India during the quarter.
Additionally, stable Natural Gas and coal availability in China supported consistent production levels, leading to sufficient supply and reduced-price pressure. Industrial demand in India remained moderate, particularly in resins, adhesives, plastics and furniture manufacturing, further limiting upward price momentum.
In December 2025, Technical Grade Urea prices in India decreased from the previous month, decreasing by around 6%, reflecting the impact of softer FOB China prices and balanced supply conditions.
India: Urea Price Trend in India, Technical Grade Urea (TGU) Ex- Vadodara
In Q4 2025, Urea price trend in India for Technical Grade Urea (TGU) Ex- Vadodara experienced a downward trajectory, primarily driven by subdued domestic demand and sufficient inventory levels across key distribution hubs. Stable availability of feedstock Natural Gas supported consistent production rates among domestic manufacturers, preventing any supply-side tightness during the quarter.
Additionally, reduced import parity pressure, influenced by declining FOB prices in China amid export restrictions and adequate supply, contributed to softer pricing in the domestic market. Industrial demand from downstream sectors, including resins, adhesives, plastics and furniture manufacturing, remained moderate, limiting upward price movement.
Furthermore, well-established supply chain operations ensured uninterrupted product availability, reducing the likelihood of price volatility. However, toward the end of the quarter, a marginal improvement in demand supported slight price recovery.
In December 2025, Technical Grade Urea prices in India increased from the previous month, increased by ~5%, reflecting short-term demand support despite the broader bearish trend. Overall, Urea price in India, Technical Grade Urea (TGU) Ex- Vadodara, marking a quarterly decrease of ~8%.
India: Urea Price Trend in India, Automotive Grade Urea (AGU) Ex- Vadodara
In Q4 2025, Urea price trend in India for Automotive Grade Urea (AGU) Ex- Vadodara experienced a declining trend, primarily influenced by subdued domestic demand and sufficient product availability across key manufacturing and distribution centers.
Stable feedstock Natural Gas supply supported consistent production levels, preventing any supply-side constraints during the quarter. Additionally, weaker import parity, driven by declining FOB prices in China amid regulatory interventions and export restrictions, exerted downward pressure on domestic pricing.
The announcement of China’s suspension of Automotive Grade Urea exports from mid-October disrupted supply chain however, prior inventory availability and moderate demand from the automotive and emissions control sectors limited upward price movement in India.
Furthermore, steady supply chain operations ensured smooth product flow, reducing market volatility. Toward the end of the quarter, improved downstream demand supported a marginal recovery in prices.
In December 2025, Automotive Grade Urea prices in India increased from the previous month, increased by ~3%, reflecting short-term demand support. Overall, Urea price in India, Automotive Grade Urea (AGU) Ex- Vadodara, marking a quarterly decrease of ~5%.
India: Urea Price Trend in India, Granular Fertilizer Grade, Ex-Factory
In Q4 2025, Urea price trend in India for Granular Fertilizer Grade Ex-Factory remained stable, primarily governed by strong regulatory control and subsidy mechanisms in the domestic fertilizer sector.
Government pricing policies and fixed nutrient-based subsidy structures ensured that price fluctuations in feedstock Natural Gas and international markets had minimal direct impact on domestic fertilizer pricing.
Despite global volatility and declining FOB prices in China due to export restrictions and ample supply, the Indian market remained insulated from these external dynamics.
Agricultural demand during the quarter remained steady, supported by seasonal application cycles; however, it did not exert upward pressure on prices due to controlled distribution and pricing frameworks.
Additionally, stable domestic production levels and efficient supply chain management ensured adequate product availability across regions, preventing any supply-driven price fluctuations.
In December 2025, Urea prices in India remained stable compared to the previous month, recording no change. There is no change in Granular Fertilizer Grade Ex-Factory Urea price in India due to fully regulated and controlled pricing environment.
Indonesia:Â Urea Exported Price Trend in Indonesia, Granular Fertilizer Grade FOB Tanjung Perak
In Q4 2025, Urea price trend in Indonesia under FOB Tanjung Perak followed a corrective price trend, primarily shaped by subdued regional demand and moderated export flows from local suppliers.
Supply levels remained stable due to uninterrupted production, supported by consistent Natural Gas Prices, which underpinned cost efficiency and limited sharp volatility in offers.
International Trade & Logistics functioned smoothly, maintaining timely shipments, while regional differences in agricultural consumption slightly tempered buying activity throughout the quarter.
In December 2025, Urea prices in Indonesia decreased by 0.3% from the previous month, reflecting minor market adjustments amid the broader quarterly decline.
Overall, FOB Urea price in Indonesia in Q4 20225 for Granular Fertilizer Grade, marking a quarterly decrease of around 11%. The FOB Tanjung Perak pricing dynamics influenced by steady supply, competitive pressures, and market sentiment.
No major plant shutdowns, capacity expansions, or new installations affected output during this period, and the market-maintained balance between supply availability and measured regional demand, aligning with the global Urea pricing corrections observed across the Asia-Pacific region.
Malaysia:Â Urea Exported Price Trend in Malaysia, Granular Fertilizer Grade FOB Port Kelang
In Q4 2025, Urea price trend in Malaysia under FOB Port Kelang followed a corrective downward price trend, driven by softening regional demand and stable supply conditions across the Asia-Pacific market.
Production remained uninterrupted, supported by steady Natural Gas Prices, which maintained cost-efficient output and limited abrupt fluctuations in export offers. International Trade & Logistics operated efficiently, ensuring regular shipments, while regional differences in agricultural consumption slightly moderated buying activity.
In December 2025, Urea prices in Malaysia decreased by 0.3% from the previous month, reflecting minor adjustments amid the broader quarterly decline. Overall, Urea FOB price in Malaysia in Q4 2025 for Granular Fertilizer Grade, marking a quarterly decrease of 10.8%.
The FOB Port Kelang pricing is shaped by competitive market dynamics and consistent supply availability. No significant plant shutdowns, capacity expansions, or new installations occurred during this quarter, supporting balanced market conditions and aligning with the broader global Urea pricing corrections observed across the Asia-Pacific region.
Oman:Â Urea Exported Price Trend in Oman, Granular Fertilizer Grade FOB Sohar
In Q4 2025, Urea price trend in Oman under FOB Sohar demonstrated a modest corrective price trend, influenced by steady production levels and balanced supply-demand dynamics within the Middle East region.
Natural Gas Prices remained stable, supporting consistent manufacturing costs and limiting abrupt volatility in export offers. International Trade & Logistics operated efficiently, enabling uninterrupted shipments, while regional differences in agricultural consumption slightly moderated domestic procurement activity.
In December 2025, Urea prices in Oman increased by around 1.3% from the previous month, reflecting short-term adjustments within the broader quarterly decline. Overall, Urea FOB prices in Oman in Q4 2025 for Granular Fertilizer Grade, marking a quarterly decrease of 8.9%.
The FOB Sohar pricing is shaped by competitive market conditions and regular export flows. No major plant shutdowns, capacity expansions, or new project additions occurred during the quarter, maintaining supply stability and aligning the regional Urea market with the observed global corrective pricing patterns in Q4 2025.
Qatar:Â Urea Exported Price Trend in Qatar, Granular Fertilizer Grade FOB Mesaieed
In Q4 2025, Urea price trend in Qatar under FOB Mesaieed followed a moderated corrective price trend, primarily influenced by stable Natural Gas Prices and balanced production output supporting consistent supply levels.
International Trade & Logistics remained efficient throughout the quarter, ensuring steady export flows, while regional differences in agricultural demand across the Middle East slightly moderated buying activity.
In December 2025, Urea prices in Qatar increased by around 2 % from the previous month, reflecting minor short-term adjustments within the broader quarterly decline. Overall, Urea FOB price in Qatar in Q4 2025 for Granular Fertilizer Grade, marking a quarterly decrease of 9.5%.
The FOB Mesaieed prices shaped by stable feedstock costs and ongoing market competitiveness. No significant plant shutdowns, capacity expansions, or new project additions occurred, maintaining supply continuity.
Export flows from Qatar aligned with prevailing regional dynamics, and measured domestic consumption in neighboring markets reinforced the observed corrective trend, consistent with the global Urea pricing adjustments across the Middle East in Q4 2025.
Russia:Â Urea Exported Price Trend in Russia Granular Fertilizer Grade FOB Novorossiysk
In Q4 2025, Urea price trend in Russia under FOB Novorossiysk followed a pronounced downward price trend, primarily influenced by softer European demand and moderated agricultural uptake amid seasonal harvest patterns.
Natural Gas Prices, which underpin ammonia and Urea production costs, remained relatively stable, providing support to supply levels, though regional inventory accumulations exerted downward pressure.
In December 2025, Urea prices in Russia decreased by around 4% from the previous month, reflecting ongoing adjustments in response to weaker export demand and competitive pricing across the Black Sea corridor.
Overall, Urea FOB price in Russia in Q4 2025 for Granular Fertilizer Grade, marking a quarterly decrease of 13.8 % with market participants managing production output and exports to balance local supply against external demand fluctuations.
Logistics continuity through Novorossiysk ensured steady flows, but regional differences in pricing competitiveness and mild international trade frictions contributed to restrained price recovery.
FOB Novorossiysk pricing dynamics highlighted a corrective trend aligned with global Urea market movements during the quarter, particularly within the Europe and Eurasia regions.
Saudi Arabia:Â Urea Exported Price Trend in Saudi Arabia, Granular Fertilizer Grade FOB Jubail
In Q4 2025, Urea price trend in Saudi Arabia under FOB Jubail followed a moderated corrective price trend, primarily driven by balanced supply levels and steady Natural Gas Prices, which underpinned production costs.
International Trade & Logistics remained efficient, enabling consistent export flows to Asian and regional markets, while domestic agricultural demand displayed seasonal moderation, slightly tempering buying activity.
In December 2025, Urea prices in Saudi Arabia increased by around 2% from the previous month, reflecting short-term market adjustments amid broader quarterly pressures. The overall price trend in Q4 2025 recorded a quarterly decline of 8.8% with exporters managing outputs to align with competitive global pricing and regional inventory levels.
Regional differences, particularly in demand from Gulf Cooperation Council countries and Asian importers, influenced pricing dynamics, while no major plant shutdowns, capacity expansions, or supply disruptions occurred during the quarter. FOB Jubail pricing demonstrated stability amid controlled market volatility, aligning with the overall Urea price trend observed in the Middle East for Q4 2025.
UAE:Â Urea Exported Price Trend in UAE, Granular Fertilizer Grade FOB Ruwais Port
In Q4 2025, Urea price trend in the UAE under FOB Ruwais Port exhibited a moderated corrective price trend, driven by stable supply levels and consistent Natural Gas Prices supporting production efficiency.
International Trade & Logistics remained smooth, ensuring uninterrupted export flows to key Asian and regional markets, while domestic agricultural demand experienced seasonal moderation, influencing short-term buying patterns.
In December 2025, Urea prices in the UAE increased by 1.9 % from the previous month, reflecting minor market adjustments amid a broader quarterly decline. The overall price trend in Q4 2025 recorded a quarterly decline of 8.6% with exporters balancing inventory levels and market competition to maintain pricing stability.
Regional differences, particularly in demand from neighboring Gulf countries and Asia-Pacific importers, contributed to price dynamics, while no significant plant shutdowns, capacity expansions, or supply chain disruptions were reported.
Urea FOB price in Russia during the quarter aligned closely with the broader Urea market trend observed across the Middle East, reflecting controlled market volatility and measured supply management.
