
October 2026 benchmark prices diverged: urea fell about 51% from its April peak to near January levels, while DAP rose to $803 per metric ton, around 30% above January. MOP eased from mid-year highs to just below its starting level for the year, while the bulletin warns that production costs and supply risks remain uneven across nutrients.
Lower urea prices may ease costs for buyers, but rising DAP prices and supply constraints could keep phosphate costs elevated. Benchmark declines alone may not translate into better local availability or affordability.
Not enough comparable past events yet for a historical read.
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.