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IndonesiaQ1 2025:
During Q1 2025, Muriate of Potash (MOP) prices had risen to USD 251/MT FOB Baltic, marking a 15% increase from Q4 2024. This increase had resulted from tightening supply conditions, driven by depleted inventories and heightened demand ahead of the spring planting season. Global trade disruptions had further impacted logistics and availability, compounding the supply-side pressures. Volatility in freight rates and ongoing tariff-related complexities had also elevated transportation costs, which suppliers had passed on to buyers. These developments had reflected a broader trend of supply-demand imbalance and logistical constraints that had historically led to price escalation in fertilizer markets.
Q4 2024:
During Q4 2024, Muriate of Potash (MOP) prices declined to USD 236/MT FOB Vancouver, registering a 3% decrease from the previous quarter. The decline had reflected a seasonal contraction in demand, coinciding with reduced agricultural activity during the winter months. Broader macroeconomic conditions, including subdued commodity prices and restrained industrial consumption, had exerted additional downward pressure. A stable supply environment, coupled with muted procurement activity from key sectors, had further reinforced the pricing downturn. Overall, the market had adjusted to prevailing seasonal and economic dynamics, resulting in a measured softening of MOP prices in Vancouver.
Q3 2024:
During Q3 2024, Muriate of Potash (MOP) prices had dropped to USD 253/MT FOB Jordan, reflecting a 5% decrease from Q2 2024. The decline had stemmed from continued downward momentum in global potash pricing, as reported by ICL Group. Weak farmer sentiment, together with lower grain prices, had dampened fertilizer demand. Moreover, logistical disruptions and deferred shipments, particularly toward China, had contributed to inventory build-up and intensified the downward pricing trajectory. The pricing movement had thus mirrored both international market softness and localized logistical constraints affecting Israel’s potash exports.
Q2 2024:
During Q2 2024, Muriate of Potash (MOP) prices increased to USD 216/MT FOB Baltic, marking a 7% rise from Q1 2024. This upward adjustment had been driven by constrained supply conditions amid sustained seasonal demand, as agricultural markets had prepared for peak fertilizer application. Elevated logistics and energy costs, along with ongoing geopolitical tensions affecting trade flows, had further supported the price increase. Buyers had proactively secured volumes ahead of the main application period, reflecting confidence in short-term demand. These dynamics had aligned with typical fertilizer market cycles where supply limitations and seasonal buying had reinforced upward price adjustments.
Q1 2024:
During Q1 2024, Muriate of Potash (MOP) prices FOB Jordan had declined to USD 280/MT, registering a 1% decrease from Q4 2023. This movement had been influenced by muted regional demand and persistent trade disruptions, particularly stemming from the Israel-Gaza conflict and shipping uncertainties in the Red Sea. While some trade recovery had occurred, weak downstream consumption and buyer caution had offset upward pricing pressures from elevated freight rates. Additionally, Jordan’s low inflation and stable producer price environment had contributed to the marginal price reduction in MOP during the quarter.
Q1 2025:
During Q1 2025, India’s Muriate of Potash (MOP) prices had increased by 14% on a quarterly basis, reflecting a significant shift in market dynamics compared to Q4 2024 In India, MOP prices ended the quarter at 330-340/MT CFR JNPT (Jordan). This price escalation had been primarily driven by a combination of tightened global supply, firm international benchmarks, and elevated procurement costs amid logistical constraints.
Indian importers had faced higher landed costs due to rising FOB prices in key exporting regions and increased freight rates, which had been further exacerbated by geopolitical tensions and supply chain congestion. Additionally, anticipation of robust pre-monsoon demand had prompted aggressive stockpiling by importers, contributing to upward pricing pressure in the domestic market.
Q4 2024:
During Q4 2024, Muriate of Potash (MOP) price had fallen to USD 283/MT CFR JNPT, marking 1% decrease from Q3 2024. This decline had aligned with a broader global softening in commodity prices during 2024, influenced by subdued global economic growth and increased supply availability in key sectors such as agriculture and energy.
Israel’s import price indices, including raw materials, had reflected this trend, registering a general decline throughout the year. Despite persistent geopolitical tensions in the region, their limited effect on major trade routes and the continued stability of supply chains had helped moderate price volatility, reinforcing the modest decline.
Q3 2024:
In Q3 2024, Muriate of Potash (MOP) prices had decreased to USD 285/MT CFR JNPT, representing a 6.1% drop from Q2 2024. This adjustment had reflected a softening in global potash market conditions, underpinned by improved supply availability and subdued demand from major importing nations. Additionally, lower input costs and reduced freight expenses had supported the price decline. The global potash market had experienced fluctuations stemming from macroeconomic factors and inventory recalibration, with export prices trending downward from prior highs. India’s import prices had mirrored these global shifts, shaped by renegotiated contracts and market realignment, contributing to lower landed costs for domestic buyers.
Q2 2024:
During Q2 2024, the CFR price at JNPT for imports from Jordan had risen, reflecting a 1% increase from Q1 2024 in the first half. This increase had been driven by persistent disruptions in key maritime corridors such as the Red Sea and Suez Canal in late 2023 and early 2024, which had elevated and destabilized global freight rates. However, MOP prices declined towards the second of the quarter as procurements eased from the Indian market. Hence, Muriate of Potash (MOP) prices settled at USD 290/MT CFR JNPT, after conclusion of June 2024.
Q1 2024:
During Q1 2024, Muriate of Potash (MOP) prices had risen to USD 311/MT CFR JNPT, indicating a marginal increase from Q4 2023. This marginal uptick had been caused by higher freight rates and widespread shipping disruptions during late 2023 and early 2024, particularly across the Red Sea and Suez Canal, which had affected global bulk commodity transport. Concurrently, rising inflation in Russia had exerted additional upward pressure on export prices. Together, these logistical and economic conditions had contributed to the modest increase in Russian MOP prices delivered to JNPT.
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2024–2025 Trade Tensions and OPEC+ Production Decisions
In early 2025, new large tariffs and a surge in OPEC+ oil production led to a sharp decline in oil prices. This amplified global trade policy uncertainty and economic growth concerns, resulting in significant commodity price volatility. Fertilizer prices, including MOP, were affected by these broader market disruptions and fluctuating agricultural input demand.
COVID-19 Pandemic and Demand Shock (2020–2021)
The global pandemic caused unprecedented disruptions to supply chains and a collapse in demand for oil and many commodities in early 2020. As lockdowns and economic uncertainty spread, oil prices plummeted, and fertilizer prices, including MOP, also experienced volatility due to disrupted agricultural activity and fluctuating demand for crop nutrients.
2015–2016 Oil Price Collapse and Global Economic Slowdown
In 2015, a sharp drop in oil prices occurred due to oversupply and a slowdown in global economic growth, notably in China, which devalued its currency and reported slowing growth rates. This led to widespread commodity price declines, including fertilizers like MOP, as reduced energy and agricultural demand pressures weakened prices across raw material markets.
MOP demand is primarily driven by the agriculture sector, where it is widely used as a potassium-rich fertilizer essential for healthy crop growth, particularly for crops that are sensitive to chloride. While agricultural use dominates, MOP also finds some application in industrial sectors, such as in the production of potassium hydroxide, potassium carbonate, and other potassium-based chemicals, though these uses are relatively minor compared to its agricultural consumption.
Global MOP demand is steadily increasing, with significant growth observed in regions with expanding agricultural production such as Asia, Latin America, and parts of Africa. Demand is influenced by regional agricultural policies, crop mix (especially for chloride-tolerant crops), and the need for balanced fertilization. Environmental regulations regarding potassium runoff and soil health are beginning to shape future demand and price trends, as they do with other fertilizers.
This research methodology ensures that PriceWatch delivers accurate, timely, and actionable MOP pricing assessments, enabling our clients to stay ahead of market trends and make informed decisions in an ever-changing market.
Molecular Weight[g/mol]
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Molecular Formula
MOP is a white to pinkish, crystalline inorganic fertilizer containing a high concentration of potassium (typically expressed as K₂O, usually 60–62%), making it a highly effective source of this essential plant nutrient. It is widely used to enhance plant vigor, improve resistance to drought and disease, and support robust growth and yield across a wide range of crops. MOP is highly water-soluble and has a neutral to slightly acidic pH, which makes it suitable for most soils, though excessive use in saline or chloride-sensitive crops should be avoided. It is non-flammable, easy to store, handle, and apply. In addition to its agricultural uses, MOP finds applications in certain industrial processes, such as glass manufacturing and as a potassium source in various chemical formulations.
Packaging Type
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Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Test Parameter | Standard (Typical) for MOP (KCl) |
| Appearance (Color) | White, pink, or red |
| Appearance (Form) | Solid granules or powder |
| Odor | Odorless |
| Potassium Content (as K₂O, min.) | 60.0–62.0% by weight (typical) |
| Moisture (max.) | 0.5–1.0% (varies by standard) |
| Particle Size (Granular) | 90% between 1–4 mm (varies by standard) |
| Melting Point | ~770°C (melting point) |
| Specific Gravity | ~1.98–2.15 (solid at 20°C) |
Applications
Muriate of Potash (MOP), primarily known as potassium chloride, is widely used in agriculture as a cost-effective, concentrated source of potassium to enhance crop yield, quality, and disease resistance—especially in potassium-intensive crops like wheat, rice, and fruits. Its uniform granule size ensures efficient, precise application across large-scale farming operations, and it is often blended with other fertilizers such as single superphosphate (SSP) for comprehensive soil nutrition. Industrially, MOP serves as a raw material for producing potassium hydroxide and potassium metal, as well as a flux agent in metal processing to purify metals by removing impurities during smelting. Its dual utility in both agriculture and industry underscores its importance in supporting global food security and manufacturing processes.
Muriate of Potash (MOP) prices are shaped by supply-demand balance, where rising global agricultural needs and population growth drive demand, while supply is concentrated among major producers like Canada, Russia, and Belarus. Geopolitical tensions and trade restrictions can disrupt supply chains, causing price volatility. Production costs, including energy and labor, influence pricing, as do environmental regulations and technological innovations in fertilizer use. Market dynamics are further affected by the dominance of a few multinational companies and capacity expansion projects. Additionally, macroeconomic factors such as currency fluctuations and global economic health play roles.
When MOP (Muriate of Potash) availability is high due to robust production and stable supply chains, prices generally stabilize or decline as market supply matches or exceeds demand. Conversely, supply disruptions—caused by geopolitical tensions, labor disputes, or logistical challenges—reduce availability and often lead to price surges, as seen in 2022 when Black Sea supply cuts caused prices to spike. Over the past year, balanced supply and demand have kept prices within a relatively narrow range, but any notable change in availability can quickly shift pricing trends, reflecting the market’s sensitivity to supply-side dynamics.
Regional differences in MOP pricing arise from factors like local supply-demand, transportation costs, import duties, and currency exchange rates. For example, prices in North America (FOB Vancouver) are benchmarked at about $362.50 per metric ton as of May 2025, while prices in Asia or Africa may differ due to additional logistics and import costs. These variations influence procurement decisions by making buyers more price-sensitive in high-cost regions, encouraging bulk purchases during lower-price periods, or prompting sourcing from alternative suppliers to mitigate expenses. Regional price disparities thus shape purchasing strategies and supply chain management for agricultural businesses.
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