Global fertilizer market stabilizes after previous price increases

The global mineral fertilizer market is showing signs of stabilization in late October 2026 following earlier price increases. According to an analytical review by BINFIELD, buying activity is gradually slowing, while increased supply in certain segments is limiting further price gains. Meanwhile, geopolitical risks, logistics constraints and seasonal demand continue to influence market sentiment.

In the nitrogen fertilizer market, particularly urea, buyers have become more cautious due to high prices and expectations of a new import tender in India. Demand from Europe and Brazil remains steady, although the pace of purchases has slowed. Rising urea exports from China are adding pressure on prices by increasing global supply. Meanwhile, the ammonium sulfate market remains relatively stable amid balanced supply and demand, with China continuing to be the main supplier and Brazil supporting import demand.

The phosphate fertilizer segment is showing mixed price trends. Diammonium phosphate (DAP) prices are gradually weakening due to subdued demand and adequate inventories in India and Pakistan, while monoammonium phosphate (MAP) remains more resilient. Buyers in South Asia are delaying new contracts in anticipation of more favorable prices. Meanwhile, the sulfur market is undergoing a correction after significant gains in the third quarter. Greater raw material availability could reduce phosphate fertilizer production costs and create conditions for further price declines.

Potash fertilizer prices remain relatively stable, although high inventories in China and subdued demand pose downside risks. Indonesia continues to purchase muriate of potash (MOP), while the return of Belarusian potash to the US market is increasing supply. At the same time, logistics constraints in Europe and russia could cause supply disruptions and provide some support to prices.

According to BINFIELD analysts, further developments in the global fertilizer market will depend on renewed purchases by major importers, production volumes and logistics conditions. China’s negotiations over 2027 contracts will be particularly important for the potash segment, potentially influencing price benchmarks toward the end of this year. However, substantial fertilizer inventories and subdued demand currently provide insufficient support for a sustained price increase.

Tags: fertilizers, global market