Argentine producer Profertil reported a 30% year-on-year increase in urea revenue to $250 million for the first half of 2026, attributing the gain largely to higher nitrogen prices linked to the conflict involving Iran, a major gas and fertiliser exporter.
The disruption has tightened global urea supply and supported pricing across Latin America, benefiting regional producers who are not directly exposed to Middle East supply risk.
For nitrogen buyers, the result signals that geopolitical risk premiums embedded in urea prices remain elevated, with producers outside the affected region capturing margin upside. Buyers should watch for further price support if tensions persist, alongside potential supply reallocation as importers seek alternative sources to Iranian-origin product.
Related on gidex.com: urea supply · the fertiliser desk · buying through the desk
Original note by GIDEX Group based on reporting by Fertilizer Daily. Written up by the GIDEX market desk — see how these notes are made. Not investment advice.
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