The Urea Granular Bulk Price September 2025 report shows a clear bearish trend this week, driven by weakening global demand and inventory overhangs. Key markets such as Egypt, Algeria, and France witnessed significant price corrections, while CFR India remained stable.
✅ Key Price Movements:
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The most significant decline occurred in FCA French market, where prices dropped by $42.5/MT, reaching a mid-price of €412.5/t. This sharp fall indicates weakening European demand, possibly due to high local inventories and reduced industrial consumption.
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FOB Egypt saw a notable fall of $29.5/MT, now trading at $425 – $447/MT. The substantial decrease highlights weakening export orders as key buyers delay purchases, likely awaiting further price corrections.
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FOB Algeria and CFR Turkey markets also recorded significant drops of $27.5/MT and $25/MT respectively, reflecting softer demand in North Africa and regional market adjustments in Southeast Europe.
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Meanwhile, FOB Middle East, FOB China, and FOB SE Asia markets saw moderate declines of about $5–5.5/MT, indicating a broader trend of price softening but relatively stable compared to Egypt or Algeria.
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Interestingly, CFR India remained unchanged at a mid-price of $463.5/MT, suggesting stable demand from the Indian subcontinent, possibly due to ongoing procurement contracts or government-supported imports.
🔍 Market Analysis:
The consistent price correction across most regions signals a bearish market phase driven by:
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Over-supply situation – Producers continue to maintain high production despite weaker global demand, increasing inventory levels.
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Importers’ cautious stance – Major buyers appear hesitant to place fresh orders, possibly anticipating further price drops or due to sufficient existing stock.
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Seasonal factors – As we approach the post-monsoon period, fertilizer application slows down in several key agricultural regions, reducing immediate demand.
📈 Outlook:
If this trend continues, we can expect further corrections in the short term until inventory levels stabilize or a surge in demand occurs, likely driven by seasonal planting activities or government procurement schemes.
👉 Stakeholders should monitor the Indian market closely, as its relative stability could act as a benchmark for regional trends in the coming weeks.
For deeper insights into fertilizer market trends, check our Monthly Fertilizer Price Reports and Indian Urea Market Analysis.
