21 July 2026
7 min reading
Article
Global fertilizer markets move from supply shock to gradual rebalancing
Following a severe global supply shock triggered by the closure of the Strait of Hormuz, fertilizer markets are shifting toward a gradual rebalancing. Driven by the mid-June US-Iran MoU, a sharp correction in nitrogen prices has accelerated a bearish market outlook, while persistently high production costs and climate risks weigh on 2026 farmer fertilizer demand.
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