
CRU's inaugural fertilizer sentiment survey, presented at the Fertilizer Latino Americano conference, shows optimism for 2025. Respondents expect nitrogen prices to rise, helped by Iranian supply shortfalls and early Indian urea tendering.
Phosphate prices are expected to stay firm.
Market expectations of rising nitrogen and firm phosphate prices reflect tight supply and can support buying decisions in Brazil and other importing markets.
After 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.
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.