Global Fertilizer Market Weekly Update | CW16

Phosphate Fertilizers and Compound Fertilizers Remain Firm

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.

• Most producers have suspended quotations 

• Market supply remains tight 

Outlook: In April, phosphate fertilizers are expected to maintain a pattern of “stable volume, firm prices.” While there is limited room for further significant increases, prices are unlikely to decline.

Egyptian Tender Prices Continue to Rise

On April 4, the latest tender from the Egyptian National Chemical Industries Company Global Fertilizer Market Weekly Update | CW16(NCIC) showed notable price increases:

• DAP (FOB): USD 840/ton (previous: USD 780/ton) 

• Single Superphosphate: USD 375/ton (previous: USD 335/ton) 

Market sources indicate that the single superphosphate shipment is likely destined for Australia.

Indonesia Plans to Export 1.5 Million Tons of Fertilizers

Against the backdrop of global supply chain disruptions caused by geopolitical tensions, Indonesia has:

• Secured stable domestic fertilizer supply 

• Announced plans to export up to 1.5 million tons of surplus capacity 

This commitment was made during the Argus Asia Fertilizer Conference (Bali, March 31 – April 2, 2026), attended by major fertilizer producers from Indonesia, Brunei, Malaysia, and other Asia-Pacific countries.

Key Insights:

• Annual fertilizer production: ~14.5 million tons 

• Export potential (mainly urea): 1.5–2 million tons/year 

Deputy Minister of Agriculture Sudaryono stated:

• Indonesia aims to become a stabilizing force in the global fertilizer market 

• Disruptions in the Strait of Hormuz have triggered new import demand

• 1.5 million tons surplus has already attracted 5–6 countries 

He emphasized:

• Domestic supply remains secure 

• Export growth will bring additional economic benefits 

Industry Perspective:

• Regional producers have anticipated supply disruptions 

• Cooperation platforms have been established in advance 

Russia to Add 2 Million Tons of Potash Capacity

According to CRU, Acron confirmed:

• Talitsky Potash Project to begin production in H2 2026 

• Initial capacity: 2 million tons/year (KCl) 

• Expansion target: 2.6 million tons/year 

Strategic Impact:

• Achieves full N-P-K self-sufficiency 

• Positions Acron as the third-largest potash supplier in Russia 

Resource Advantage:

• Reserves: 59.9 million tons KCl (JORC standard) 

• Ensures long-term operational stability 

Post-Launch Outlook:

• Total fertilizer output expected to reach 9 million tons 

• Vertical integration will:

  • Reduce exposure to raw material price volatility 

  • Strengthen cost control 

  • Reinforce its role in the global agricultural supply chain 

Egypt Signs USD 740 Million Fertilizer & Chemical Agreements

On April 8, Egypt signed two major agreements (witnessed by the Prime Minister) to develop projects in the Suez Canal Economic Zone.

Project Breakdown:

1. Indorama Egypt Fertilizer Project

• Investment: USD 525 million 

• Capacity: up to 600,000 tons/year 

• Products: phosphate fertilizers, urea

• Export ratio: 80% 

• Employment: ~3,000 jobs 

2. Polyserve Egypt Chemical Project

• Investment: USD 215 million 

• Capacity: 3.5 million tons/year 

• Employment: ~500 direct jobs 

Government Position:

• Industrial localization will:

  • Reduce import dependency 

  • Drive export growth 

• The Suez Canal Economic Zone offers:

  • Strong business environment 

  • Skilled labor force 

  • Enhanced regional competitiveness 

Brazil’s Fertilizer Imports Increase by 5.4%

Data from ANDA shows:

• Imports (Jan 2026): 3.16 million tons (+5.4% YoY) 

• Total supply: 3.87 million tons (+5.3% YoY) 

Key Highlights:

• Mato Grosso accounts for 29.7% of national supply

• Most imports enter via Port of Paranaguá 

• Brazil remains highly dependent on imported fertilizers 

⚠️ Note:These figures do not yet reflect the impact of geopolitical conflicts since late February.

Turkey Cuts Fertilizer Import Tariffs

Over the past month, fertilizer prices in Turkey have surged by 8.3%–26.5%.

Government Measures:

• Tariffs reduced to 0% for key products:

  • Ammonium sulfate

  • Ammonium nitrate

• Other categories set at 6.5% tariff 

Market Impact:

• Turkey’s high dependence on imports means:

  → Direct influence on fertilizer costs 

Industry Commentary:

The Chairman of the Turkish Union of Agricultural Chambers noted:

• The latest geopolitical tensions have once again pushed prices higher 

• The Iran–Israel conflict previously caused a 40% price spike 

• Ongoing disruptions in the Strait of Hormuz are further increasing global supply risks