fertilizer prices
US-Canada trade war threatens potash supply as 70% of farmers already struggle with fertilizer costs
Canada supplies nearly 80% of U.S. potash needs, and retaliatory tariffs could push prices higher at a time when farm budgets are already strained.
The benchmark nutrient remains down 8.3% on the month but has bounced off lows as China relaxes export curbs.
Illinois DAP reaches $912 per metric ton, up 24% from 2024, as Iran conflict fallout keeps input costs above historical norms.
Five of eight major fertilizers tracked by DTN were cheaper than a month earlier in the second full week of August, but most prices remained above year-ago levels.
Eight suppliers secured volumes at prices closely watched as a Q3 pricing benchmark for global nitrogen markets.
The Oman-based coordination mechanism aims to restore predictable fertilizer shipping without altering international law obligations.
Yemen’s Iran-backed Houthis declared a naval blockade against Saudi ports on July 20, adding a second maritime chokepoint to the fertilizer supply crisis.
Egyptian producer NCIC awards DAP at $915–920 per metric ton FOB in its August tender, up sharply from $890–900 in July as phosphate supply stays tight.
India’s NFL likely bought two 30,000 metric ton DAP cargoes from Midgulf International in the high $920s per metric ton as the country enters peak phosphate import season.
The 60-day US-Iran agreement lapsed on August 17 without a final deal and Iran says the strait will not reopen until all conditions are met.
India will keep paying importers 3,500 rupees per metric ton and absorb market swings through the rabi season to prevent further losses on phosphate purchases.
Saudi fertilizer producers Sabic Agri-Nutrients and Maaden link up under a 3-year deal targeting value-added products as Sabic eyes 2.6 million metric tons of new urea capacity.
Profertil’s urea revenue jumped 30% to $250 million in the first half as the Iran war lifted nitrogen prices across Latin America.
The latest Fertilizer Crisis Response Bulletin warns that renewed disruptions around the Strait of Hormuz or tighter export restrictions could quickly reverse the recent decline.
Twenty-one suppliers offered a combined 2.57 million metric tons against India’s 1.7 million metric ton requirement.
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It is alarming to see these developments in California. As a vineyard grower, I have faced significant challenges this year, with fertilizer costs rising sharply while market conditions have made it difficult to sell the harvest.
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