Wholesale fertilizer prices were mostly steady last week. The Green Markets North American fertilizer price index fell 1.3 percent this week to $692 per ton. The index stabilized over the past few weeks after falling to the lowest since late June. Wholesale DAP and urea prices in the Gulf were slightly lower last week. Meanwhile, MAP prices firmed, while potash was steady.

There has been some easing in Corn Belt DAP prices, though values are still 32 percent higher since the start of 2025, trading at $805 per ton, according to Green Markets.

Phosphate demand has been sluggish due to cost pressures from surging prices. Brazil’s MAP imports are down substantially from last year. What has been shipped, primarily came from Saudi Arabia and Morocco. U.S. importers have been competing for fewer supplies, which has put upward pressure on prices. 

The Department of Interior added phosphate and potash to the critical minerals list. The move opens the door to potential federal investments to strengthen the fertilizer supply chain and support domestic production. However, the current reciprocal tariffs have put a major strain on imports, leading to low nitrogen and phosphorus inventories. 

Globally, major urea exporters were unwilling to drop prices to secure large sales for India’s latest tender. India still needs 2.5 million metric tons of urea by the end of the year, according to Bloomberg. 

There have been rumblings that China is ready to release another 500,000 to 600,000 metric tons of urea into the global marketplace during the final quarter of  this year, which could help ease prices. Another report indicated that China could set its 2026 export allocations at 6-8 MMT.

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