1. India’s DAP Support Keeps Import Demand Firm - but Weather Adds Uncertainty India continues to shield farmers from high international DAP prices through a heavily subsidized domestic market. The government has maintained DAP at an MRP of INR 1,350 per 50 kg bag, while a special provision of INR 3,500/MT has been used to compensate producers and importers for logistics, GST-related costs and reasonable margins. For Kharif 2026, the government further increased the overall b

Global Fertilizer Prices May Remain Elevated Through 2028 CoBank believes that conflict in the Middle East, tight supply, and damaged production capacity could keep global fertilizer prices above pre-war levels through 2027-2028. The Middle East supplies more than 60 million MT of fertilizers and fertilizer raw materials to the global market each year, of which around 45 million MT is shipped through the Strait of Hormuz. The region also accounts for approximately 45% of glob