Urea prices climbed to 585 USD/T on March 10, 2026, marking a 0.09% increase from the previous day. The commodity has surged 29.71% over the past month and is up 52.15% year-over-year. Trading Economics data shows the price movement through CFD contracts tracking the benchmark market.

Historically, urea reached an all-time high of 1050 USD/T in April 2022. The current price remains significantly below that peak but shows strong upward momentum. Market analysts project the price will reach 588.58 USD/T by quarter's end and 667.23 USD/T within 12 months, based on global macro models.

Urea serves as a critical agricultural input, providing nitrogen for plant growth and photosynthesis. The Chicago Board of Trade facilitates futures trading, allowing producers and consumers to hedge price risk. OTC and CFD instruments provide additional price discovery mechanisms for this essential fertilizer.