Overview

The fertilizer industry has seen dramatic changes in market dynamics, with challenges posed by policy and regulatory changes, political instability, conflicts and new macroeconomic realities. The drive towards energy transition and ambitious zero-carbon goals has also opened up the industry to new entrants and new opportunities.

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Latest fertilizer news
08/10/26

Increase in Iran ship attacks follows rise in targets

Increase in Iran ship attacks follows rise in targets

New York, 8 October (Argus) — Iran's recent increase in vessel attacks in the strait of Hormuz is likely the result of an increase in the number of targets in the region, but it is unclear whether this resurgence of attacks will hamper rising oil flows through the strait. Iran has increased the pace of its attacks against commercial shipping in the last week, with increasingly deadly results. Two attacks occurred around the strait of Hormuz on Wednesday, including the first attack inside the Mideast Gulf in a month, which resulted in multiple casualties . The number of casualties in the incident has not yet been confirmed. "Iran has seemingly more targets to shoot at now, which could mean that the same probability of impact is resulting in higher raw numbers of successful attacks," Joshua Tallis, research program director at the Center for Naval Analyses, told Argus . It is difficult to assess if Iran has improved its ability to target ships without the coastal radar capabilities the US claims it destroyed as part of its increased strikes in July, Tallis said. But it is reasonable to assume the country has adapted. "Higher traffic creates more opportunities for exposure, while shuttle operations send the same ships repeatedly through the risk area," Claire Jungman, director of maritime risk and intelligence at vessel tracking firm Vortexa, told Argus . Through 24 September, Vortexa identified 148 tankers involved in shuttle operations, with 85 tankers active during September, up from 11 in April, with 42 of those tankers completing four or more runs through the strait of Hormuz. "That repeat participation is important: this has become a regular operating model for a core group of ships," Jungman said. It is unclear if the recent increase in attacks against tankers will stymie the recovery of crude exports that are making their way — albeit very expensively and inefficiently — through the strait of Hormuz. "It's still a bit too early to say whether the most recent salvos would have an impact, but in the past we've seen attacks did not deter the main actors in the shuttle trade," Tomer Raanan, senior maritime intelligence analyst at Lloyds List Intelligence told Argus . By Charlotte Bawol Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Kuwait's KPC cuts Oct sulphur price by $45/t


05/10/26
Latest fertilizer news
05/10/26

Kuwait's KPC cuts Oct sulphur price by $45/t

London, 5 October (Argus) — Kuwait's state-owned sulphur producer KPC has set the October Kuwait Sulphur Price (KSP) at $820/t fob Kuwait, down by $45/t from $865/t fob in September. Freight rates were last assessed at $150-160/t for a 30,000-35,000t shipment to Chinese ports on 1 October from Middle East ports inside the strait of Hormuz. Freight costs are persistently high as a result of the volatile security situation. This implies a delivered cost of $970-980/t cfr China. Delivered granular sulphur prices have fallen by 8pc, from $1,050/t cfr China on midpoint basis on 6 August to $965/t by 1 October, reflecting growing global demand destruction from unworkably high raw material prices for fertilizer producers and chemical industry sulphur buyers. Lower prices from suppliers are expected to lead to some return of spot demand from consumers, once the downstream economics become workable for the majority of sulphur consumers. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Latest fertilizer news

Abu Dhabi's Adnoc cuts Oct sulphur price by $70/t


02/10/26
Latest fertilizer news
02/10/26

Abu Dhabi's Adnoc cuts Oct sulphur price by $70/t

London, 2 October (Argus) — Abu Dhabi's state-owned Adnoc has lowered its October sulphur official selling price (OSP) for the Indian subcontinent to $890/t fob Ruwais, down from its $960/t fob September OSP. Adnoc's October OSP implies a delivered price of $1,035-1,040/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India last assessed at $145-150/t on 1 October. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Latest fertilizer news

Turkish Tupras awards October domestic sulphur tender


01/10/26
Latest fertilizer news
01/10/26

Turkish Tupras awards October domestic sulphur tender

London, 1 October (Argus) — Prices in Turkish refiner Tupras' October domestic sulphur tender were stable overall, with the midpoint down by just $1/t month on month. Sharply higher Izmit awards offset weaker Kirikkale prices, and all awards cleared well above floor levels, indicating robust demand. Tupras awarded its October e-tender in full across 29-30 September at $818-918/t fca for various lot sizes. Its previous tender, awarded on 28 August, was at $856-882/t fca. October awards were as follows: From Izmit — 100-2,250/t lots at $912-918/t fca, against September prices of $856-867/t fca. A floor price of $675/t fca was set for Izmit lots. From Izmir — 100-750t lots at $863-872/t fca, against September prices of $866-875/t fca. A floor price of $710/t fca was set for Izmir lots. From Kirikkale — 100-800t lots at $818-836/t fca, against September prices of $872-884/t fca. A floor price of $710/t fca was set for Kirikkale lots. By Fenella Rhodes Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Latest fertilizer news

Pakistani DAP stocks low, as imports awaited


01/10/26
Latest fertilizer news
01/10/26

Pakistani DAP stocks low, as imports awaited

London, 1 October (Argus) — Pakistani DAP inventories edged up in August to 253,000t, with combined imports and domestic production slightly outpacing an uptick in demand. While stocks look fragile at the start of the October-March rabi season, a robust import line-up is likely to be enough to ensure offtakers are covered. Pakistan imported 49,000t of DAP in August, just short of the five-year average for the month, according to NFDC data. Domestic output was at its highest since May 2024, at 79,000t. Demand rose to 126,000t in August as farmers moved to cover potato season. Despite returning closer to long-term norms, this was still 14,000t short of the five-year average for August, as high prices continued to deter buyers. DAP stocks began September at just over 250,000t, down from 316,000t last year. Importers expect 2026 offtake to be down by 20-30pc because of high global and domestic prices. And early hopes for a DAP subsidy to support wheat this quarter have fallen flat. Even with a 20-30pc drop against the 2021-25 average for the quarter, DAP appetite in October-December could still be 415,000-474,000t. Based on end-August inventories, 73,000t of NFDC-estimated September production and 125,000t of demand — as well as the 50,000t of DAP imports lined up in September according to Argus data — stocks at the start of October could edge down by 2,000t on the month to 251,000t. While insufficient on its own to cover expected fourth-quarter demand, importers have lined up 177,000t of DAP for October, according to Argus data. With steady domestic production, this would be sufficient for Pakistan to end the year with robust carryover stocks, according to importers and traders. By Adrien Seewald Pakistan current season DAP inventories and offtake '000t Pakistan long-term DAP inventories and offtake '000t Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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