Platts discontinues daily FOB Black Sea Granular Urea (Russian-origin) assessment and updates weekly FOB Black Sea Granular Urea price, effective Sept. 4

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

The discontinuation reflects persistent low levels of activity in the daily spot market for granular urea of Russian origin on an FOB Black Sea basis.

The specifications of the assessment that has been 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 appeared under the symbol FGUBB00 in the Platts Fertecon Daily report, the weekly Nitrogen Market report, and was also available via Energy Core.

A proposal to discontinue the assessment was published here June 5. A decision note outlining the discontinuation was published here June 24.

As part of the discontinuation of the Russian-origin element of this calculation, Platts has also updated the specifications of the calculated weekly Granular Urea FOB Black Sea price assessment (FGUBB04).

The calculation is now based solely on the remaining daily Granular Urea (non Russian-origin) assessment (FGUBX00).

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

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