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ICIS reports that the global fertiliser market has entered a volatile phase as Middle East conflict hits nitrogen, phosphate and sulphur products. Urea prices have surged as much as 35% to three-year highs as buyers scramble for alternative supply.
Traders expect little offered over the next ten days as producers wait.
Sharp urea and phosphate price rises and disrupted offers raise input costs for feed grain and oilseed growers, supporting feed grain and protein cost pressure.
worldfertilizer.comWillow MunzMar 10, 2026After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
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.
