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.

Nitrogen Fertilizers: A Lasting Blow to the Supply Landscape. Phosphate Fertilizers: The Sulfur Shortage Exposes a Hidden Supply Chain Crisis.

In the first quarter of 2026, the global fertilizer market experienced significant disruption driven by multiple converging factors, resulting in a landscape characterized by firm domestic markets, volatile global supply, and divergent policy interventions.