In November 2023, India’s Department of Fertilizers, under the Ministry of Fertilizers and Chemicals, shed light on the current trends in the global fertilizer market.
Over the span of a year, the cost of Urea (FOB) experienced a substantial 34.53% reduction, gracefully sliding down from USD 614/MT in November 2022 to a more budget-friendly USD 402/MT by November 2023.
Diammonium Phosphate (DAP) prices took a graceful dip, showcasing a 19.92% reduction from the lofty USD 743/MT in November 2022 to a more economical USD 595/MT in the enchanting month of November 2023.
Muriate of Potash (MOP) prices embarked on a thrilling downward journey, plummeting by an impressive 45.93% from USD 590/MT in November 2022 to a wallet-friendly USD 319/MT in the November breeze of 2023.
Phosphoric Acid (CFR) pirouetted down the price scale, showcasing a graceful 16.17% reduction, twirling from USD 1175/MT in November 2022 to a more charming USD 985/MT in November 2023.
Rock Phosphate (CFR) descended in style, unveiling a captivating 29.18% price reduction, gracefully sliding from USD 305/MT in November 2022 to a more alluring USD 216/MT in the enchanting November of 2023.
Ammonia (CFR) took a dramatic plunge, orchestrating a mesmerizing 44.87% price reduction, gracefully descending from USD 1150/MT in November 2022 to a more economical USD 634/MT in the theatrical November of 2023.
Sulphur (CFR) embarked on a dazzling descent, showcasing a remarkable 39.34% price drop, elegantly gliding from USD 183/MT in November 2022 to a more pocket-friendly USD 111/MT in the enchanting November of 2023.
