MOP prices advanced by more than 12.5% quarter‑on‑quarter in Q2 2025, driven primarily by resilient Brazilian demand and stable producer discipline. Post‑monsoon fertilizer application in sugarcane and soybean farming supported import volumes, while improved port logistics at Santos eased congestion and boosted timely deliveries. Southeast Asian buying remained firm, whereas delayed long‑term contracts in China and India restricted bulk spot availability, allowing prices to strengthen.
The Brazilian real’s appreciation improved farmer affordability, encouraging forward purchases ahead of peak planting. With limited new capacity additions and disciplined supply, the market maintained a cautiously bullish tone into Q3. According to PriceWatch, Muriate of Potash (MOP) concluded the quarter at USD 363/MT CFR Santos.






