# Fertilizer Crisis Response Bulletin #24 – Argus’ Fertilizer Crisis Update - IFDC

> IFDC's Argus-produced bulletin says fertilizer markets remain extremely tense because of the wars in Iran and Ukraine. Nitrogen has pulled back after China approved some urea exports, with the Middle East benchmark at about $450/mt fob at end-July, half its April peak. Phosphate prices have stayed near record levels because producers have limited sulfur access, and potash is stable.

- Date: 2026-08-11 · published 2026-08-11T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/17861-fertilizer-crisis-response-bulletin-24-argus-fertilizer-crisis-update-ifdc
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Phosphate costs remain elevated because sulfur shortages cap DAP and MAP output, which supports feed-phosphate prices. Nitrogen softness gives some relief, but the bulletin's warnings about renewed disruption keep the upside risk open.

## Read by commodity

- DAP: bullish ▲
- UREA: neutral
- POTASH: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-10-01 | [A Wish List to Reset Fertilizer Prices](https://feedsoft.ai/events/17035-a-wish-list-to-reset-fertilizer-prices.md) | -6.6% | -4.1% |
| UREA | 2026-07-06 | [How Morocco’s fertiliser giant OCP was shaken by the Hormuz crisis](https://feedsoft.ai/events/18680-how-morocco-s-fertiliser-giant-ocp-was-shaken-by-the-hormuz-crisis.md) | +4.2% | +13.0% |
| UREA | 2023-05-18 | [Russia remains dominant in fertilizer market \| The Western Producer](https://feedsoft.ai/events/35874-russia-remains-dominant-in-fertilizer-market-the-western-producer.md) | +0.1% | -20.1% |
| UREA | 2022-03-22 | [Nigerian billionaire Dangote launches $2.5 billion fertilizer plant as prices soar \| Reuters](https://feedsoft.ai/events/42567-nigerian-billionaire-dangote-launches-2-5-billion-fertilizer-plant-as-prices.md) | +0.4% | -0.7% |
| UREA | 2025-03-26 | [Fertilizers: US Deal Aims to Restore Russia’s Export Access, but Has Limited Effect on Prices \| Morningstar](https://feedsoft.ai/events/25508-fertilizers-us-deal-aims-to-restore-russia-s-export-access-but-has-limited.md) | +2.0% | +7.8% |
| DAP | 2023-01-10 | [A transformed fertilizer market is needed in response to the food crisis in Africa \| Netherlands for the World Bank](https://feedsoft.ai/events/37718-a-transformed-fertilizer-market-is-needed-in-response-to-the-food-crisis-in.md) | +0.2% | -0.4% |
| DAP | 2026-04-07 | [Fertilizer spike adds up to $35/acre for US corn as Iran crisis bites](https://feedsoft.ai/events/20029-fertilizer-spike-adds-up-to-35-acre-for-us-corn-as-iran-crisis-bites.md) | +0.7% | +5.9% |
| DAP | 2026-06-02 | [Global Fertilizer Markets Today - IFDC](https://feedsoft.ai/events/7282-global-fertilizer-markets-today-ifdc.md) | -0.3% | -5.1% |

## Sources

- ifdc.org: https://ifdc.org/2026/08/11/fertilizer-crisis-response-bulletin-24-argus-fertilizer-crisis-update/

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