Urea Prices Continue to Climb
The price of urea, a key component in Diesel Exhaust Fluid (DEF), reached $392 a ton at the end of March, up from close to $350 at the start of the month. This represents a 9% increase over the period. Strikingly, the price of urea has skyrocket by close to 80% over the past six months. The majority of the price increases were seen since the beginning of 2021, as shown below.