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Ballance Agri-Nutrients' January 2026 outlook says fertilizer markets are firmer entering 2026, with urea up sharply on Indian buying and Chinese export limits. Phosphate prices remain elevated under Chinese DAP, MAP and NPK restrictions, while potash is comparatively stable but tight.
Continued Chinese export curbs and Indian import demand keep urea and DAP supported, raising input costs for autumn shipments. Potash's steadier tone limits upside in that nutrient.
fertilizerdaily.comKim ClarksenFeb 6, 2026After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
