# Global fertilizer prices have reached record levels, but what to expect next?

> Global fertiliser prices have reached record levels, with urea rising quickly after Iran banned urea and ammonia exports and attacked regional plants. China has suspended superphosphate and DAP exports, and freight costs are pressuring potash suppliers. Potash prices are falling in China but rising moderately in Brazil and the US.

- Date: 2026-03-24 · published 2026-03-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/20479-global-fertilizer-prices-have-reached-record-levels-but-what-to-expect-next
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Higher urea and phosphate costs raise production costs for grain and oilseed growers, which feeds through to feed-ingredient prices. Potash stays comparatively stable, so its price effect is smaller.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2026-03-26 | 1 | +5.5% | 10.0 | Record global fertilizer prices and China's suspension of DAP and superphosphate exports remove a major phosphate supplier from the export market, a supply shock that supports DAP prices. |
| UREA | 2026-03-31 | 1 | +8.4% | 3.1 | Iran's ban on urea and ammonia exports and attacks on regional plants removed Gulf supply, which sustained the urea rally and could have fed further buying. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-03-22 | [Fertilizer prices are at record highs. Here's what that means](https://feedsoft.ai/events/5512-fertilizer-prices-are-at-record-highs-here-s-what-that-means.md) | +0.4% | -0.7% |
| UREA | 2022-10-04 | [How the Russia-Ukraine War Fueled Record Fertilizer Prices](https://feedsoft.ai/events/39051-how-the-russia-ukraine-war-fueled-record-fertilizer-prices.md) | +1.6% | -13.7% |
| UREA | 2022-07-13 | [Fertilizer prices expected to remain higher for longer :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)](https://feedsoft.ai/events/40825-fertilizer-prices-expected-to-remain-higher-for-longer-content-tap-oan-hoa-chat.md) | -3.4% | +9.3% |
| UREA | 2026-04-07 | [SunSirs: Global Fertilizer Prices Soar, While China Maintains Ample Supply and Remains a Price Haven - ChemNet](https://feedsoft.ai/events/9778-sunsirs-global-fertilizer-prices-soar-while-china-maintains-ample-supply-and.md) | 0.0% | -10.4% |
| UREA | 2026-09-01 | [Why higher fertilizer prices are here to stay](https://feedsoft.ai/events/17863-why-higher-fertilizer-prices-are-here-to-stay.md) | +1.7% | +3.9% |
| DAP | 2022-03-22 | [Fertilizer prices are at record highs. Here's what that means](https://feedsoft.ai/events/5512-fertilizer-prices-are-at-record-highs-here-s-what-that-means.md) | +2.1% | 0.0% |
| DAP | 2022-10-04 | [How the Russia-Ukraine War Fueled Record Fertilizer Prices](https://feedsoft.ai/events/39051-how-the-russia-ukraine-war-fueled-record-fertilizer-prices.md) | -1.7% | -5.5% |
| DAP | 2022-07-13 | [Fertilizer prices expected to remain higher for longer :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)](https://feedsoft.ai/events/40825-fertilizer-prices-expected-to-remain-higher-for-longer-content-tap-oan-hoa-chat.md) | +1.0% | -5.4% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/svitovi-tcini-na-dobriva-syagnuli-rekordnih-rivniv-ale-chogo-ochikuvati-dali.html

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