Fertilizer Market Goes Quiet as India Comes Up Short on Urea

Fertilizer prices have stayed calm through the worst run of supply disruptions the market has seen, as war and Hormuz risk become the new normal. Josh Linville, StoneX VP of Fertilizer, explains why the fertilizer market has gone quiet and where India and Brazil stand on urea buying. India came up well short of its stated goal in its last urea tender, and Brazil is behind on its urea import lineup with the second crop approaching. China has exported large volumes of urea in recent weeks after a slow year, yet it has a history of shutting urea exports down in late fall and early winter to protect supply for its own farmers. Talk of China allowing a small volume of phosphate exports has circulated, while phosphate prices remain anchored to high production costs driven by sulfur and anhydrous ammonia. 00:00 - Fertilizer Shrugs Off Crisis 03:00 - India Urea Tender Falls Short 04:15 - Brazil Fertilizer Imports Lag 05:42 - China Urea Shutdown Risk 07:15 - China Phosphate Export Rumors 08:35 - Phosphate Prices Tied to Costs Discover Actionable Fertilizer Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/fertilizers?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_josh_linville&utm_content=share Like and subscribe for more financial market insights. #Fertilizer #StoneX #JoshLinville #Urea --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social