Platts to discontinue daily Black Sea Granular Urea assessment, update weekly Black Sea Granular Urea price Sept 4

Platts, part of S&P Global Energy, will discontinue the daily Granular Urea (Russian-origin) FOB Black Sea close assessment and will alter the methodology behind the related weekly Granular Urea FOB Black Sea (full range) low/high assessment, effective Sept. 4, 2026.

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

This follows a proposal note published June 5, which can be found here . The launch date has also changed from Aug. 28 to Sept. 4 following market feedback. As a result, the final assessment will be Sept. 3.

The specifications of the assessment that will be discontinued are:

• Assessment Name: Granular Urea FOB Black Sea (Russian)
• Symbol: FGUBB00
• Spot/Contract: Spot
• Quality: 46% N, granular urea in bulk
• Basis: FOB
• Location: Novorossiysk 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 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) will 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 discontinuation of the Russian-origin element of this calculation, Platts will also 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 Sept. 4, 2026.

The weekly assessment will 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 .

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.