# CoBank warns higher fertilizer prices are structural as phosphate capacity forecast drops 13%

> CoBank's Knowledge Exchange report says higher fertilizer prices are structural, with global phosphate capacity forecast to fall 13% from pre-crisis levels. Sulfur shortages, Russia's sulfur export ban and delayed capacity additions in Morocco and Saudi Arabia are cited as drivers.

- Date: 2026-09-05 · published 2026-09-05T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/17780-cobank-warns-higher-fertilizer-prices-are-structural-as-phosphate-capacity
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Persistent capacity losses mean phosphate prices are unlikely to ease soon, supporting higher input costs for growers and sustaining phosphate demand destruction.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2025-08-20 | [World Bank Projects Higher Fertilizer Prices Into 2026 -](https://feedsoft.ai/events/23634-world-bank-projects-higher-fertilizer-prices-into-2026.md) | -0.2% | -2.8% |
| DAP | 2021-03-17 | [UAN28 Leads Fertilizer Prices Higher as Nitrogen Prices Spike](https://feedsoft.ai/events/48434-uan28-leads-fertilizer-prices-higher-as-nitrogen-prices-spike.md) | +0.7% | +2.1% |
| DAP | 2026-02-18 | [All Eight Major Fertilizers See Prices Move Higher Compared to Last Month](https://feedsoft.ai/events/20927-all-eight-major-fertilizers-see-prices-move-higher-compared-to-last-month.md) | 0.0% | +3.1% |
| DAP | 2026-07-09 | [World Bank warns fertilizer prices could surge more than 30% in 2026 if Hormuz disruption persists-China-ASEAN Chamber of Agricultural Commerce](https://feedsoft.ai/events/18273-world-bank-warns-fertilizer-prices-could-surge-more-than-30-in-2026-if-hormuz.md) | +1.0% | +5.1% |
| DAP | 2026-06-23 | [World Bank warns fertilizer prices could surge more than 30% in 2026 if Hormuz disruption persists — Fertilizer Daily](https://feedsoft.ai/events/6819-world-bank-warns-fertilizer-prices-could-surge-more-than-30-in-2026-if-hormuz.md) | -4.2% | -0.6% |

## Sources

- fertilizerdaily.com: https://www.fertilizerdaily.com/20260905-cobank-higher-fertilizer-prices-structural-phosphate-2026/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.