8300 yuan per ton! International Fertilizer Price Hits Higher

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This week, driven by fears and interests after the interruption of urea supply in Russia, international urea prices rises more, but the increase was less than the previous period.

Prices in Brazil and the United States

Urea price in Brazil and the United States ups to $1,000/t CFR, setting new records for both countries.

Markets in Europe, Asia and Africa

Markets in Europe, Asia and Africa were quiet - prices continued to rise but trade was thin.

Prediction: Further price will be possibly increased, but it would accelerate destruction on fertilizer needs.

Phosphate fertilizer: the market is steady, the price will be rise in the future.

The rise of phosphate fertilizer prices is again concentrated in the market west of Suez, with Latin America and Europe leading the way.

Potash fertilizer: Prices hit new highs

Nutrien company enlarge their potassium chloride capacity
Canada's Nutrien company plans to increase its production capacity to around 15 million tonnes/year this year in response to the recent supply shock of Russian and Belarusian-originated potassium chloride. Production at the company's Canadian mines will take several months to ramp up, so new capacity additions will be concentrated in the second half of the year.

It can be seen that the fertilizer markets in all countries are rising up, farmers will pay higher for fertilisers than before.