The global fertilizer market remained highly polarized this week. Sulfur prices continued to surge sharply, significantly increasing phosphate fertilizer production costs. Long-term growth prospects for ammonium sulfate remain positive, although near-term market sentiment has softened. India finalized major phosphate fertilizer purchases from Morocco, securing regional supply for the upcoming agricultural season.

Sulfur prices surged sharply, severely disrupting the global phosphate fertilizer supply chain and forcing multiple producers to reduce output. China’s ammonium sulfate market shifted from rapid price increases to a correction phase due to weaker demand, declining export profitability, and growing supply pressure. India’s 2026 annual potash contract established a stronger global price floor, supporting international potash market sentiment despite increasing regional demand d