The global fertilizer market: taking stock of a tightening market situation

Year of publication2022

AuthorJosef Schmidhuber

PublisherFAO

AbstractInternational fertilizer benchmark prices have risen throughout 2021, with many quotations reaching all- time highs. The most notable increases have been registered for nitrogen (N) fertilizer. Prices for urea, a key N fertilizer, have more than trebled over the past 12 months, e.g., nominal quotations for black sea spot prices (bulk) have risen from USD 245/tonne in November 2020 to USD 901/tonne in November 2021 (Figure 1), with much of the increase registered in the second half of the year.

 

ThemeAgricultural Commodities and Development

Product typeDocument

Areas of workGlobal Commodity Markets