Global urea prices ease after May spike, fall 40% in June

International urea prices fell to $572 per tonne in June, a 40% reduction from May.

Urea prices remain 45% higher than in June 2025.

Sulphur prices rose 265% year-on-year to $1,050 per tonne.

Domestic urea production in May and June exceeded targets, ensuring comfortable stocks for the kharif season.

Price moderation was attributed to partial lifting of export restrictions by China and fading war-induced supply disruption fears.