Price context briefing · published 12 October 2026
2022 energy and fertilizer price context for agricultural projects
Short answer: These are the World Bank's observed annual average prices for 2022, in nominal US dollars. They are historical global benchmarks — useful background when you review a project budget that was prepared in or around 2022, or when you compare how much input costs have moved since. They are not local tariffs, not supplier quotes and not forecasts.
Observed annual average prices
| Indicator | Annual average | Unit | Change vs previous year |
|---|---|---|---|
| Brent crude oil | 99.8 | US$/bbl | +41.8% vs 2021 |
| Natural gas, Europe | 40.3 | US$/mmbtu | +150.3% vs 2021 |
| Urea fertilizer | 700 | US$/t | +44.9% vs 2021 |
| DAP fertilizer | 772.2 | US$/t | +28.5% vs 2021 |
| Potassium chloride (potash) | 863.4 | US$/t | +59.1% vs 2021 |
Compare with local fertilizer prices
Pick a country to see official, dated local fertilizer references. These are local prices in local units, not the World Bank world prices above, so compare direction and scale rather than converting one into the other.
Government-subsidised fertilizer · planting and top-dressing
2,500 KES / 50 kg bag
Period: NCPB programme FAQ, November 2024
Only for registered farmers with an e-voucher allocation; commercial purchases pay market prices. Shown for context and not applied to calculator totals.
National Cereals and Produce Board · subsidised fertilizer FAQ
What these figures do not tell you
- They are global commodity benchmarks, not the electricity tariff, fuel price or delivered fertilizer price in your project country.
- They are annual averages; a project that bought inputs in a specific month may have paid very different prices.
- They say nothing about yields, project returns or supplier availability, and they are not a forecast of future prices.
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