Profertil H1 2026 urea revenue surges 30% to $250 million as Iran conflict lifts nitrogen prices

Argentine urea producer Profertil reported first-half 2026 urea revenues of $250 million, up approximately 30% from $192 million in the same period of 2025, according to data reported by Argus Media.

Profertil sold 404,000 metric tons of urea during January–June 2026, down from 433,000 metric tons a year earlier. The Profertil Argentina urea revenue increase despite lower volumes reflects the sharp rise in international urea prices following the start of the Iran war in late February and the resulting constriction of Middle East nitrogen exports through the Strait of Hormuz.

Profertil operates a 1.3 million metric ton per year granular urea plant in Bahía Blanca, Argentina — the country’s only urea production facility. The plant’s domestic market position faces a potential future challenger: Argentine energy company Pampa Energía approved a $2.7 billion, 2.1 million metric ton per year urea facility in Bahía Blanca in July, which would more than double the country’s nitrogen production capacity if completed on its approximately 40-month construction timeline.

Argentina is a net exporter of urea, and elevated international prices have provided a revenue windfall for Profertil even as the country’s agricultural sector grapples with high input costs. Latin American buyers have increasingly turned to ammonium sulfate as a cheaper nitrogen alternative amid the global urea price surge.

Source: Argus Media