Global fertilizer prices are rising, which is reducing demand for them.

According to analysts at RaboResearch, some regions are still showing signs of resilience, but the broader trend indicates a weakening demand in 2025 and a more pronounced decline in 2026. The analysis of indices confirms the start of a new cycle of reduction. This phase closely resembles the previous contraction, indicating that the market is entering a prolonged period of reduced consumption. On a regional scale, the market dynamics remain unstable. In the United States, geopolitical tensions and trade tariffs are expected to disrupt the upcoming season. European prices are likely to rise with the introduction of the Carbon Border Adjustment Mechanism (CBAM). In Brazil, farmers face limited margins and restricted access to credit, although fertilizer supplies could reach record levels in 2025. China prioritizes domestic supplies, while India continues to play a central role in global urea trade, influencing prices with each new tender. "Urea consumption is expected to decrease ...