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The World Bank warns global fertiliser prices could rise more than 30% in 2026 if Hormuz disruption continues, with nitrogen seeing the largest increases. Its April outlook projects urea up nearly 60% on average in 2026, with DAP up about 6% and potash up about 12%.
A sustained rise in nitrogen, phosphate and potash costs raises the cost of crop production and supports grain prices if farmers cut fertiliser use.
web.cacac.com.cnJul 9, 2026After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
