Key Takeaways This week, the global fertilizer market was shaped by three major themes: the rising strategic value of potash, renewed competition in the global urea market, and softer fertilizer flows into Brazil. Potash remains structurally supported by food-security concerns and highly concentrated global supply. Meanwhile, India is diversifying urea sourcing away from the Gulf while lower-priced Chinese cargoes are returning to the market. In Brazil, fertilizer deliveries,

China Fertilizer Trade: Imports Surge, Exports Decline From January to July 2026, China imported 11.02 million tonnes of fertilizers, up 44.7% year on year, while import value rose 70.2% to USD 4.14 billion. In July alone, imports reached 1.40 million tonnes, valued at USD 531 million, with an average CIF price of USD 378.89/tonne. Meanwhile, China’s fertilizer exports during the first seven months declined by nearly 20%, highlighting a significant shift in trade flows. Urea:

Phosphate fertilizer costs remain elevated, driven primarily by the sharp rise in sulfur prices. Both Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) markets continue to hold firm at high levels.