# bne IntelliNews - World Bank sees 23% commodity price jump as Russia-Ukraine war hits Black Sea trade

> The World Bank forecasts fertiliser prices to rise 14% this year after an urea price shock early in 2026. Muriate of potash has been largely shielded from Middle East conflict, with supply supported by easing US sanctions on Belarus.

- Date: 2026-10-30 · published 2026-10-31T10:06:10.144Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/3062-bne-intellinews-world-bank-sees-23-commodity-price-jump-as-russia-ukraine-war
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Higher forecast fertiliser costs raise farm input expenses and may shift feed grain planting economics, while potash remains comparatively cheap versus food prices.

## Read by commodity

- UREA: bullish ▲
- POTASH: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-08-20 | [World Bank Projects Higher Fertilizer Prices Into 2026 -](https://feedsoft.ai/events/23634-world-bank-projects-higher-fertilizer-prices-into-2026.md) | -0.8% | -8.5% |
| UREA | 2022-05-01 | [Ongoing Russia-Ukraine War Keeping Most Wholesale Fertilizer Prices High](https://feedsoft.ai/events/41768-ongoing-russia-ukraine-war-keeping-most-wholesale-fertilizer-prices-high.md) | -2.3% | -11.6% |
| UREA | 2026-07-09 | [World Bank warns fertilizer prices could surge more than 30% in 2026 if Hormuz disruption persists-China-ASEAN Chamber of Agricultural Commerce](https://feedsoft.ai/events/18273-world-bank-warns-fertilizer-prices-could-surge-more-than-30-in-2026-if-hormuz.md) | +2.5% | +9.3% |
| UREA | 2026-10-28 | [WORLD BANK SAYS FERTILIZER PRICES SET TO RISE 14% IN 2026 DUE TO SURGE IN UREA PRICES, RETURNING TO 2025 LEVELS IN 2027 - CGTN](https://feedsoft.ai/events/297-world-bank-says-fertilizer-prices-set-to-rise-14-in-2026-due-to-surge-in-urea.md) | -1.3% | — |
| UREA | 2023-10-08 | [AMIS Fertilizer Outlook- Prices “Mostly Up in September,” While Russia Lifts Ban on Diesel Exports \| Farm Policy News \| Illinois](https://feedsoft.ai/events/33540-amis-fertilizer-outlook-prices-mostly-up-in-september-while-russia-lifts-ban-on.md) | -2.6% | -9.6% |

## Sources

- intellinews.com: https://www.intellinews.com/world-bank-sees-23-commodity-price-jump-as-russia-ukraine-war-hits-black-sea-trade-480184/

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