The World Bank projects global fertilizer prices will decline 12% in 2027 after rising an estimated 14% in 2026, citing lower input costs, recovering supply and increased exports from producers outside the Gulf region. Its fertilizer price index fell 22% in the third quarter of 2026 from the previous quarter, while urea is still forecast to average 21% higher for the full year.
Lower fertilizer costs could ease farmers’ production expenses and support fertilizer use in Ghana and elsewhere in 2027, putting downward pressure on fertilizer prices. Shipping disruptions and geopolitical tensions could delay or limit the relief.
After 42 past bearish report events, Urea moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.