Fertilizer Industry – Jan–Feb 2026 Update & Outlook: Global urea prices rose strongly from early 2026 and surged further in early March, reaching ~USD 660/ton (+62% YTD); domestic prices also increased 30–36% YTD, while DAP and potash saw only modest gains.

Overall assessment of sector performance Sector earnings began to decelerate from late Q3 as both sales volume and selling prices weakened simultaneously, while surging gas prices continued to pressure profit margins. Domestic Market Conditions : Fertilizer consumption remained subdued as large areas of rice and crop farmland — along with sowing activities across multiple northern and central provinces — suffered extensive damage following recent storms. In October, subdued e

After a year of price fluctuations for input materials for the agricultural industry, 2023 is considered to be a year of price stabilization