Middle East tensions lift global urea and coffee prices

International nitrogen fertilizer (urea) prices have risen sharply after supply disruptions in the Middle East, higher gas costs in Europe and U.S. sanctions that have curtailed Iranian shipments. Egyptian FOB prices moved to a range of $525‑$555 per tonne, while Algerian sellers also saw gains. In Brazil, urea now trades at $455‑$468 per tonne CFR, up $60‑$68 from late June, as importers secure supplies for the upcoming corn harvest. European producer Yara International reported a 39% year‑on‑year drop in urea deliveries in Q2, but buyers now face much higher replacement costs.

Coffee prices jumped 14.75% in a month, reaching 319.20 U.S. cents per pound, as the same Middle East tensions push up energy and maritime transport costs. Recent U.S.–Iran confrontations in the Strait of Hormuz have heightened market instability. The FAO notes that Brazil and Vietnam supply roughly half of global coffee, and the longer supply chains make coffee especially vulnerable to such disruptions.