14-Apr-2026 Last updated on 14-Apr-2026 at 14:34 GMT The fertilizer supply chain is expected to remain volatile for most of this year, with phosphate prices projected to remain high into 2027, as growers around the world debate applications heading into their growing seasons, according to agri-finance company Rabobank’s Semiannual fertilizer outlook . The U.S. and Israel’s war with Iran has quickly led to sharp increases in fertilizer prices, with nitrogen and phosphates being particularly impacted, while potash pricing has remained neutral, according to Rabobank. Approximately 0.8 million metric tons of fertilizers and precursors are estimated to be removed from the market each month if the Strait of Hormuz is closed. The 12-month average affordability for all three fertilizers has reached the lowest point in 18 years, according to Rabobank. In the next six months, nitrogen and phosphate will experience upward price pressures, while potash will see “slightly upward” pressures. ...