The global nitrogen fertiliser market is expected to endure a rocky start to 2019, as urea prices continue to decline, although the market may be approaching the bottom depending on demand from India, south Asia, Europe and Turkey. In Europe, the European Commission has approved plans for an emergency ban of imports of Russian fertilizer in response to the Ukraine crisis. Phosphates are expected to face soft demand for both DAP and MAP, except for in Australia where imports have increased. Meanwhile, MOP and SOP supply is tight and demand is increasing, giving way to an upward trajectory in prices in small increments.
The global nitrogen fertiliser market is expected to endure a rocky start to 2019, as urea prices continue to decline, although the market may be approaching the bottom depending on demand from India, south Asia, Europe and Turkey. Ammonium sulphate prices are holding due to tight supply, despite the volume of Chinese product being shipped to Brazil. Phosphates are expected to face soft demand for both DAP and MAP, except for in Australia where imports have increased. Meanwhile, MOP and SOP supply is tight and demand is increasing, giving way to an upward trajectory in prices in small increments.