Platts to launch daily granular urea FOB NOLA assessment; refine existing granular urea FOB NOLA assessments Aug 1

Platts, part of S&P Global Commodity Insights, will launch a daily FOB NOLA granular urea assessment, effective Aug. 1, 2025.

The daily assessment will better capture day-to-day price movements in the urea market. The changes will also align Platts' daily and weekly coverage, providing more granular pricing information in New Orleans, Louisiana.

The specifications for the assessment will be as follows:

Assessment Name: Urea NOLA -30 Daily

Quality: 46% N, granular urea in bulk.

Quantity: 1,500 st

Basis and location: New Orleans, Louisiana

Timing: Product to be loaded from 8 to 30 days forward.

Frequency: Daily

Unit of assessment: $/st

Timestamp: 16:30 Sao Paulo, following the Sao Paulo publishing calendar

Simultaneously, Platts will increase the frequency of its current weekly Granular Urea FOB NOLA US Domestic Ston (prompt-7 days) assessment (FGUNE04), effective Aug. 1, 2025.

Platts will change the assessment's frequency from weekly to daily, updating its name to Urea NOLA-7 Daily. Platts will also clarify the timing to reflect that the assessment reflects the "Product to be loaded from 1 to 7 days forward" from the assessment date, rather than "shipment seven days forward" at present.

The revised specifications for the assessment will be as follows:

Assessment Name: Urea NOLA-7 Daily ( FGUNE04)

Quality: 46% N, granular urea in bulk.

Quantity: 1,500 st

Basis and location: New Orleans, Louisiana

Timing: Product to be loaded from 1 to 7 days forward.

Frequency: Daily

Unit of assessment: $/st

Timestamp: 16:30 Sao Paulo, following the Sao Paulo publishing calendar

Finally, Platts will also formalize the range of its Granular Urea FOB NOLA $/st Wkly assessment (FGUND04). The range for the weekly assessment will be derived from the low and high prices of Urea NOLA-30 Daily and Urea NOLA-7 Daily for the preceding week ( Fridays to Thursdays ) to establish a weekly range on Thursdays. No fresh market information will be taken into account.

The first weekly range will be published on Aug. 7, 2025.

The revised specifications of the weekly Granular Urea FOB NOLA assessment (FGUND04) will be as follows:

Assessment Name: Granular Urea FOB NOLA ( FGUND04)

Quality: 46% N, granular urea in bulk.

Quantity: 1,500 st

Basis and location: New Orleans, Louisiana

Timing: Product to be loaded from 1 to 30 days forward.

Frequency: Weekly (Thursdays)

Unit of assessment: $/st

Timestamp: 16:30 Sao Paulo, following the Sao Paulo publishing calendar.

The prices will be assessed at a 16:30 Sao Paulo timestamp and will follow the Sao Paulo publishing calendar. The assessments will appear in Platts Fertecon Daily, US Fertilizer Report, Nitrogen Weekly Report and Platts Connect.

The launch and changes were initially proposed in a note on June 13.

Please send any feedback, questions and comments to fertilizer@spglobal.com and pricegroup@spglobal.com.

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