
The World Bank projects global fertilizer prices to rise 21% in 2025, with the fertilizer price index 30% higher in Q3 than a year earlier. Urea reached $461 per tonne in September, up 36.6% year on year, and DAP climbed 41% to $554.8 per tonne.
Strong demand meeting tight supply of nitrogen, phosphate and potash keeps input costs elevated. Forecast easing in 2026 suggests the price peak may be passing.
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.
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.