India notified trend of average International prices of fertilisers upto Nov 2023

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.

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