
The World Bank's fertilizer price index is up 15% year to date, with TSP rising 43% and DAP 23% in the quarter. The article attributes the increase to strong demand, Chinese export restrictions, sanctions on Belarus and tariffs, and urea production shortfalls.
Sharp gains in phosphate prices, driven by Chinese export limits and trade barriers, raise procurement costs for DAP and TSP buyers. Prices are forecast to stabilize in 2026 but to stay above the 2015-19 average.
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.
Not enough comparable past events yet for a historical read.
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.