Phosphates
Overview
The global phosphates market has witnessed increasing volatility, in response to military conflicts, political tensions and changing market dynamics. Price fluctuations have continued to buffet the market, with increasing demand from south and Southeast Asia the main regions driving consumption growth. Rising raw material prices and improved affordability have lifted prices once again.
Phosphates' usage is also not solely limited to fertilizers. Battery-material suppliers are increasingly seeking to source phosphate rock and specialty phosphates-based products to meet the rapidly rising demand for lithium-iron-phosphate batteries for electric vehicle production.
Our extensive phosphates coverage includes DAP, MAP, TSP and SSP, as well as raw materials phosphate rock and phosphoric acid, with assessments also spanning feed products MCP and DCP. Argus has many decades of experience covering the phosphates market and incorporate our multi-commodity market expertise in key areas including sulphur and ammonia to provide the full market narrative.
Argus support market participants with:
- Daily and weekly phosphates price assessments, proprietary data and market commentary
- Short and medium to long-term forecasting, modelling and analysis of processed phosphate and phosphate rock prices, supply, demand, trade and projects
- Bespoke consulting project support
Latest phosphate news
Browse the latest market moving news on the global phosphate industry.
Senator to file bill ending Morocco duties: Correction
Senator to file bill ending Morocco duties: Correction
Corrects DAP and MAP import volumes in paragraph 5 of story originally published on 28 April Houston, 29 April (Argus) — A US senator plans to introduce a bill to remove countervailing duties on phosphate imports from Morocco in reaction to a growing fertilizer affordability crisis for farmers. US Senator Roger Marshall (R-Kansas) teased plans for the legislation on Tuesday alongside US Department of Agriculture (USDA) and White House cabinet officials as part of a greater effort to alleviate cost pressures on growers. The Lowering of Input Costs for American Farmers Act would eliminate the countervailing duties on phosphate imports from Morocco, the leading global producer. If enacted, the elimination of the duties will lower the cost of phosphate fertilizer by over 20pc, or roughly $150/short ton (st), Marshall said. Nola DAP last week was roughly $710/st fob, compared with $647.50/st a year earlier but much lower than last week's India DAP price of $865/t cfr. US phosphate prices have trended higher than historic norms since countervailing duties on imports from both Russia and Morocco were imposed in 2021 after US producer Mosaic alleged the two countries' phosphate imports materially injured the US market. US combined imports of DAP and MAP totaled 1.29mn t in 2025, down from an average of about 2.13mn t from 2020-24, according to US Census Bureau data. But Tuesday's announcement comes just roughly two months after the start of the US Department of Commerce's five-year sunset review of the duties, in partnership with the US International Trade Commission. Throughout the speech, the USDA along with other federal entities cited a variety of short-term and long-term actions being taken to ease pressures felt by growers, mostly in relation to various supply issues and concerns that have significantly elevated fertilizer costs. Alongside Marshall's bill, other legislation has been also been filed with aims to lower fertilizer costs such as the Fertilizer Price Transparency Act and the Fertilizer Research Act. US phosphate imports have been marked by years of turmoil, with the product's imports being notably deterred by import tariffs, countervailing duties and more recently the loss of seaborne tons from Saudi Arabia through the strait of Hormuz because of the Mideast Gulf war. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Egypt’s NCIC sells SSP, urea in tender at firm prices
Egypt’s NCIC sells SSP, urea in tender at firm prices
London, 28 April (Argus) — Egyptian fertilizer producer NCIC has reported awarding its latest tender to sell SSP and urea , which closed on Monday. It reports the following awards: 20,000t of granular SSP at $340-375/t fob 10,000t of granular urea at up to $852/t fob The SSP is split between two buyers with 15,000t priced at the upper end of the range, bound for Australia, and 5,000t at the lower end for open destination. It had initially only offered 10,000t of SSP in the tender after offering 15,000t in a tender which closed on 20 April , without selling. The upper end of the price range is in line with NCIC's sale of 25,000t of SSP under a tender which closed on 4 April. NCIC says it sold the urea to a single buyer but did not specify the destination. It had initially only offered 7,000t in this latest tender, having awarded 3,000t out of the 10,000t offered in its 20 April tender at $830/t fob. All cargoes sold under this tender will load and ship from Ain Sokhna port on the Red Sea. No buy-side confirmation for the awards have yet emerged. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India plans joint buying of fertilizers, raw materials
India plans joint buying of fertilizers, raw materials
London, 24 April (Argus) — India's fertilizer ministry has recommended that national fertilizer companies begin buying fertilizers and raw materials on a collective rather than individual basis. The ministry calls for a three-month period during which Indian fertilizer producers should join together as a consortium, aggregating their demand to ensure supply and competitive prices of key fertilizers such as DAP, MOP and NPS/NPKs as well as raw materials ammonia, sulphur, phosphoric acid, sulphuric acid and phosphate rock. The first step in this regard was taken on Friday, when IPL issued a tender to buy 1.6mn t of DAP and TSP on behalf of the industry — the same approach as has been taken with urea imports for many years. India has struggled to secure sufficient supply of these products following the closure of the strait of Hormuz. The Gujarat Chamber of Commerce and Industry has called on the chemicals and fertilizers ministry to impose a minimum six-month ban on exports of elemental sulphur. By Bede Heren Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India’s IPL issues tender to buy 1.6mn t of DAP/TSP
India’s IPL issues tender to buy 1.6mn t of DAP/TSP
London, 24 April (Argus) — Indian fertilizer producer and importer IPL has issued a tender to buy 1.2mn t of DAP and 400,000t of granular TSP from producers and trading firms, closing on 4 May. Suppliers are to ship cargoes from loading ports by 15 August. IPL is seeking cargoes to be delivered to ports on both India's east and west coasts. Prices are to be offered separately for east and west coast deliveries. Offers are to be valid to 8 May. IPL said it is issuing the tender on behalf of major phosphate and potash fertilizer firms as part of a consortium approach to importing fertilizers. Argus understands that the Indian government has approved fertilizer importers forming a consortium in response to the global supply disruptions caused by the war in the Middle East. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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