Supply28 May 2026
Qatar lifts June granular urea tender allocation
QatarEnergy has confirmed an additional 90kt allocation for June loading, easing tightness across the Arab Gulf and softening FOB benchmarks by ~USD 4/t over the week.
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Market intelligence · Updated weekly
The urea market, decoded for the paddock.
Live spot pricing, supply news, freight movements and export restrictions — curated for Australian growers and refreshed each week by our trading desk.
Live Market Feed
Global urea price tracker
Updated continuously from international fertiliser exchanges — Granular Urea, USD/AUD adjusted, per tonne.
Market spot
$1430
Day high
$1430
Day low
$1430
Open
$1430
Our price
$1,320
Golden Soil
Right now you'd save $110/tonne buying direct from Golden Soil vs the spot market.
Global benchmarks
This week's price reads, by origin.
Spot reads sourced from international fertiliser exchanges and our own desk activity. Indicative, not binding.
Granular Urea — Middle East FOB
USD 412 /t
-2.1%· Week-on-week
Granular Urea — SE Asia CFR
USD 438 /t
+1.4%· Week-on-week
Granular Urea — Baltic FOB
USD 405 /t
-0.6%· Week-on-week
AUD landed equivalent
AUD 1,430 /t
+0.3%· incl. freight & GST
Market news
What's moving urea right now.
Freight26 May 2026
Panamax rates ease as Pacific tonnage opens up
Bulk freight from the Arab Gulf to East-Coast Australia has eased to USD 38/t, the lowest read since February — a tailwind for May–July landed pricing.
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Policy22 May 2026
China extends nitrogen export inspection regime through Q3
China's customs administration has extended its export inspection window on urea and UAN until 30 September, keeping Chinese tonnes largely out of seaborne trade.
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Demand19 May 2026
Indian RCF tender awards 1.2 Mt — coverage to August
India's latest STC/RCF tender cleared at the low end of expectations, signalling subdued spot demand into mid-Q3 and capping upside on Middle East benchmarks.
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Local15 May 2026
Kwinana & Geelong stock builds ahead of winter cropping
Two vessels totalling 65kt discharged at Kwinana and Geelong last week. Inventory positions across Golden Soil's port network are comfortably ahead of pre-season demand.
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Export restrictions
Reviewed by Board Advisor Josh Fidrmuc
Where the supply tap is tight.
Reviewed by Board Advisor Josh FidrmucA live snapshot of policy and production constraints across the world's major urea origins.
China
High impact
Export inspection in force
Granular urea & UAN held under customs inspection regime. Effectively no spot export tonnes until Q4 2026.
Russia
Watch
Export quota — 16.3 Mt H1 2026
Quota partly absorbed. Tonnage continues to flow into Brazil & Türkiye; minimal direct exposure to Australia.
Egypt
Watch
Gas-curtailment risk
Summer power demand may pull gas off urea producers from July, repeating 2024-style production losses.
Indonesia
Stable
DMO priority pricing
Domestic Market Obligation continues; export availability stable but subject to government allocation.
Freight & ports
Tonnes on the water for Australian growers.
We run a transparent shipping ledger — every vessel, every port call, every discharge. So you always know what's landed, what's en route, and what's available to collect.
Talk to the trading deskKwinana, WA
32,000 t
Discharged 21 May
Geelong, VIC
33,000 t
Discharged 24 May
Newcastle, NSW
34,500 t
ETA 12 Jun
Brisbane, QLD
30,000 t
ETA 27 Jun