Urea decreased 238.50 USD/T or 27.62% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Urea reached an all time high of 1050 in April of 2022. Urea is commonly used in agriculture as a fertiliser and an animal feed additive. The primary function of urea fertiliser is to provide nitrogen to plants to promote green leafy growth and make the plants appear lush. Urea also helps plants with photosynthesis. Urea futures are widely traded on the Chicago Board of Trade (CBOT). Futures contracts for Urea are financial instruments that allow producers, large consumers, and speculators, to offset or assume the risk of a price change of holding a quantity of Urea over time. Prices for Urea displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.
. This page includes a chart with historical data for Urea.

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