Key Products: Urea, Potash, DAP/MAP/MKP, and Related Phosphates Seven Key Developments to Watch This Week 1. Strait of Hormuz Traffic Declines Again, With Non-Oil Cargo Facing Greater Risks Only three commercial vessels transited the Strait of Hormuz on September 16, down from 12 the previous day. Over the weekend ending September 21, approximately 17 commodity vessels passed through the strait, compared with 37 during the previous weekend. Some vessels may have switched off

China Set to Supply Around 1.2 Million MT of Urea to India China is expected to supply approximately 1.2 million MT of urea under India’s latest tender, marking one of the most significant Chinese export flows into the global nitrogen market this year. India’s state-owned Rashtriya Chemicals and Fertilizers (RCF) sought up to 1.7 million MT, with cargoes required to be loaded by September 24. The lowest reported offers were: East Coast India: USD 390.25/MT CFR West Coast Indi

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

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,

Weekly Highlights The global fertilizer market continued to show clear divergence this week: Nitrogen fertilizers: European purchasing demand and policy incentives supported a recovery in urea prices, while ammonium sulfate remained under pressure due to export competition and shifting demand patterns.

Global Fertilizer Market Weekly Update (CW11): Middle East Tensions Reshape Raw Material Pricing - Sulfur and Urea Surge, EU Policy Signals Easing, Potash Markets Show Regional Divergence

IFA Releases New Report: Specialty Fertilizer Market Expands Across the Board, Water-Soluble Fertilizers Lead with 12% Growth Recently, the International Fertilizer Association (IFA) released its 2024 Specialty Fertilizer Demand Assessment Report, covering three major categories: stabilized nitrogen fertilizers, water-soluble fertilizers, and controlled-release fertilizers. According to the report, global consumption of these three specialty fertilizer categories reached 18.8