Business Community: Shortage of urea supply continues to impact, attention needed on production capacity restoration.

Business Times pointed out that recently, due to multiple uncontrollable factors concentrated impacts, the global urea supply chain has encountered severe disruptions, with the situation of supply shortages continuing to escalate, directly affecting the stability of global agricultural spring production and related industrial chains. Industry data shows that currently, the global urea spot supply is tight, with multiple core production areas shutting down facilities or reducing operating loads, leading to a continuous widening of the supply gap. Industry analysis indicates that the urea supply shortage caused by this uncontrollable force has both suddenness and persistence. Currently, the Northern Hemisphere is in a critical period of spring planting preparation, and the tight urea supply has already led to a significant increase in global urea prices, with Middle Eastern granular urea prices rising by 73% compared to early March, and European urea prices skyrocketing by 30% in just one week. If production capacity cannot be restored in a timely manner, it will further impact global agricultural production and food security. The progress of capacity recovery in relevant production areas is worth continuous attention.