Global Nitrogen Fertilizer Supply Remains Tight

The global supply of nitrogen fertilizer is still very low, with Chinese exports absent. “Global supplies are still very, very tight,” said StoneX Vice President of Fertilizers Josh Linville. “When we look at the major issues of the world, nothing’s changed in terms of Europe. European production is still 75 percent normal, and that 25 percent is missing. That’s several million tons of urea that’s just not being produced. Chinese exports have been nearly nonexistent. 2024 totals only reached 266,000 tons, and that’s for a nation that typically exports between five and five and a half million tons on the annual side.”