In December 2023, India’s Department of Fertilizers, under the Ministry of Fertilizers and Chemicals, shed light on the current trends in the global fertilizer market.
The price of Urea (FOB) experienced a significant decrease of approximately 30.21%, dropping from USD 576/MT in December 2022 to USD 402/MT in December 2023.
The price of DAP (CFR) saw a notable decrease of approximately 17.70%, declining from USD 723/MT in December 2022 to USD 595/MT in December 2023.
The price of MOP (CFR) witnessed a substantial decline of approximately 45.93%, plummeting from USD 590/MT in December 2022 to USD 319/MT in December 2023.
The price of Phosphoric Acid (CFR) has undergone a notable decrease, declining by approximately 16.17% from USD 1175/MT in December 2022 to USD 985/MT in December 2023.
Witness a significant shift in the price of Rock Phosphate (CFR)! Experience a remarkable decrease of approximately 15.56%, as prices dipped from USD 257/MT in December 2022 to USD 217/MT in December 2023.
Experience an astounding decrease of approximately 47.14%, as prices plunged from USD 1120/MT in December 2022 to USD 592/MT in December 2023.
In December 2023, the price of Sulphur (CFR) dropped by approximately 50.51%, falling from USD 198/MT in December 2022 to USD 98/MT.
