Platts proposes to discontinue FOB Black Sea Granular Urea (Russian-origin) assessment, update weekly FOB Black Sea Granular Urea price

Platts, part of S&P Global Energy, is proposing to discontinue the daily Granular Urea (Russian-origin) FOB Black Sea close assessment and to alter the methodology behind the related weekly Granular Urea FOB Black Sea (full range) low/high assessment, effective Aug. 28, 2026.

The proposal to discontinue reflects persistent low levels of activity in the daily spot market for Granular Urea (Russian-origin) on an FOB Black Sea basis.

The specifications of the assessment proposed for discontinuation are:

• Assessment Name : Granular Urea FOB Black Sea (Russian)
• Symbol : FGUBB00
• Spot/Contract : Spot
• Quality : 46% N, granular urea in bulk
• Basis : FOB
• Location : Novorossiisk port, Black Sea
• Timing : Loading 1-6 weeks forward
• Quantity : 5,000-10,000 mt
• Unit of assessment : $/mt
• Frequency : Daily at 16:30 London time

The last publication date for this assessment would be Aug. 27, 2026.

The assessment is currently published in the Platts Fertecon Daily report, the weekly Nitrogen Market report, and is also available via Energy Core.

Platts Granular Urea FOB Black Sea (non-Russian) assessment (FGUBX00) would not be impacted by this change.

The daily Granular Urea (Russian-origin) FOB Black Sea assessment, in combination with the daily Granular Urea (non Russian-origin) FOB Black Sea assessment (FGUBX00), currently defines the weekly Granular Urea FOB Black Sea (full range) price (FGUBB04), which is published as a low-high range.

As part of the proposed discontinuation of the Russian-origin element of this calculation, Platts proposes to update the specifications of the calculated weekly granular urea FOB Black Sea price assessment, so that it is generated solely from the Granular Urea (non Russian-origin) assessment, effective Aug. 28, 2026.

The weekly assessment would continue to appear in the Platts Nitrogen Market Report publication, and in Energy Core.

Please send any feedback, questions and comments to fertilizer@spglobal.com and pricegroup@spglobal.com by June 18.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.