The global fertilizer market continued to face a combination of supply disruptions and weakening demand this week. Potash exports from Russia and Belarus encountered mounting logistical challenges, Brazil's fertilizer demand forecasts were revised sharply downward, and Bangladesh advanced a new round of potash procurement. Meanwhile, India's potential urea tender attracted considerable market attention, international phosphate fertilizer prices remained elevated, and ammonia

I. Sulfuric acid prices keep rising, pressuring phosphate fertilizer producers. Rumors say China may suspend its exports (over 40% of global output) from May, aiming to stabilize domestic supply, though no official notice exists; phosphate fertilizer costs will remain high short-term. II. China’s Q1 2026 fertilizer trade booms: exports 8.162mt (+14.1% YoY), imports 5.001mt (+30.5% YoY), with March average CIF import price USD 375.49/ton. III. Three major institutions warn fue