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Npk Price Trend and Forecast

⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

npk Price Trends by Country

ruRussia
cnChina
inIndia
thThailand
ngNigeria
deGermany
maMorocco

Global npk Spot Market Prices, Trend Analysis and Forecast

Price Watch™ provides real-time price assessments and price forecasts for NPK across top trading regions:

NPK Regional Coverage NPK Grade and Country Coverage NPK Pricing Data Coverage Explanation
Asia NPK Pricing Analysis NPK 20-20-0-13 Ex-West India Domestic Prices Weekly Price Update on NPK Real-Time Domestic Prices in West India
NPK 20-20-0 Ex-West India Domestic Prices Weekly Price Update on NPK Real-Time Domestic Prices in West India
NPK 24-24-0 Ex-West India Domestic Prices Weekly Price Update on NPK Real-Time Domestic Prices in West India
NPK 28-28-0 Ex-West India Domestic Prices Weekly Price Update on NPK Real-Time Domestic Prices in West India
NPK 10-26-26 Ex-West India Domestic Prices Weekly Price Update on NPK Real-Time Domestic Prices in West India
NPK 12-32-16 Ex-West India Domestic Prices Weekly Price Update on NPK Real-Time Domestic Prices in West India
NPK 14-35-14 Ex-West India Domestic Prices Weekly Price Update on NPK Real-Time Domestic Prices in West India
NPK 15-15-15 Ex-West India Domestic Prices Weekly Price Update on NPK Real-Time Domestic Prices in West India
NPK 16-16-16 CFR Prices at Laem Chabang Port, Thailand, Importing from Russia Weekly Price Update on NPK Real-Time Import Prices at Laem Chabang Port, Thailand from Russia
NPK 15-15-15 CL Ex-Shandong Domestic Prices, China Weekly Price Update on NPK Real-Time Domestic Prices in Shandong, China
NPK 15-15-15 S Ex-Shandong Domestic Prices, China Weekly Price Update on NPK Real-Time Domestic Prices in Shandong, China
NPK 10-26-26 CFR Prices at Nhava Sheva Port, West India, India, Importing from Russia Weekly Price Update on NPK Real-Time Import Prices at Nhava Sheva Port, West India, India from Russia
Europe NPK Pricing Analysis NPK 15-15-15 FOB Prices at Saint Petersburg Port, Russia Weekly Price Update on NPK Real-Time Export Prices from Saint Petersburg Port, Russia to Global Markets
NPK 10-26-26 FOB Prices at Saint Petersburg Port, Russia Weekly Price Update on NPK Real-Time Export Prices from Saint Petersburg Port, Russia to Global Markets
NPK 16-16-16 FOB Prices at Saint Petersburg Port, Russia Weekly Price Update on NPK Real-Time Export Prices from Saint Petersburg Port, Russia to Global Markets
NPK 15-15-15 CFR Prices at Hamburg Port, Germany, Importing from Russia Weekly Price Update on NPK Real-Time Import Prices at Hamburg Port, Germany from Russia
Africa NPK Pricing Analysis NPK 15-15-15 FOB Prices at Jorf Lasfar Port, Morocco Weekly Price Update on NPK Real-Time Export Prices from Jorf Lasfar Port, Morocco to Global Markets
NPK 12-46-0-7 FOB Prices at Jorf Lasfar Port, Morocco Weekly Price Update on NPK Real-Time Export Prices from Jorf Lasfar Port, Morocco to Global Markets
NPK 15-15-15 CFR Prices at Apapa Port, Nigeria, Importing from Morocco Weekly Price Update on NPK Real-Time Import Prices at Apapa Port, Nigeria from Morocco

Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

NPK Price Trend Q1 2026

The first quarter of 2026 saw a rise of about 7% in the NPK market owing to high production costs and steady agricultural demand. The increase in prices can be attributed to rising prices of feedstocks used in the production process including ammonia, phosphoric acid, potash, and urea. The high cost of producing feedstocks, coupled with natural gas prices, made production expensive.

There have also been some issues concerning the supply of fertilizers globally due to uncertainties surrounding the global supply chain resulting from political tensions in the Middle East in the wake of the US-Israel fight against Iran in March 2026. This caused a restriction on the trade of fertilizers.

Other factors that contributed to the increase in cost include rising energy costs and fuel costs. Demand for fertilizers remained high, with stable agricultural activity ahead of the spring season. Production is controlled to cope with the challenges facing feedstock supply and pricing.

Morocco: NPK Export prices Jorf Lasfar, Morocco; Grade- NPK 15-15-15

NPK price in Morocco in Q1 2026 witnessed a slight decline of approximately 1% compared to the previous quarter, reflecting weak demand conditions and stable production costs. Feedstock prices, particularly phosphoric acid and ammonia, remained relatively stable, limiting cost fluctuations. NPK price trend in Morocco remained subdued with moderate consumption across agricultural sectors.

Supply conditions are balanced despite global supply uncertainty, geopolitical disruptions, rising energy and fuel costs, and higher logistics expenses. Production rates are maintained in line with export demand. Consumption levels remained stable with cautious buying activity.

In March 2026, NPK prices in Morocco remained stable as compared to February amid the escalating US-Israel conflict with Iran, which created uncertainty but has limited immediate impact on prices. Overall, the market reflected soft demand trends with adequate supply availability.

Germany: NPK Imported prices Hamburg, Germany; Grade- NPK 15-15-15

NPK price in Germany in Q1 2026 witnessed a largely stable trend as compared to the previous quarter, reflecting stable cost structures and steady demand. Feedstock prices, particularly ammonia and phosphates, remained relatively unchanged, supporting stable production costs. NPK price trend in Germany remained consistent across agricultural sectors, maintaining steady consumption levels.

Supply conditions are balanced amid global supply uncertainty, geopolitical disruptions, rising energy and fuel costs, and higher logistics expenses. Production rates are aligned with demand requirements. Consumption remained stable with controlled purchasing activity.

In March 2026, NPK price in Germany remained largely unchanged as compared to February. Overall, the market demonstrated steady fundamentals with balanced supply and demand.

Nigeria: NPK Imported prices Apapa, Nigeria; Grade- NPK 15-15-15

NPK price in Nigeria in Q1 2026 witnessed a decline of approximately 4% compared to the previous quarter, influenced by weaker demand and stable production conditions. Feedstock costs, including ammonia, phosphates, and potash, remained relatively stable, limiting cost escalation. NPK price trend in Nigeria remained subdued across agricultural sectors, leading to lower consumption levels.

Supply conditions are adequate despite global supply uncertainty, geopolitical disruptions, rising energy and fuel costs, and higher logistics expenses. Production levels are maintained to meet domestic demand. Consumption remained weak with cautious procurement trends.

According to Price-Watch™, in March 2026, NPK price in Nigeria increased slightly as compared to February due to the escalating US-Israel conflict with Iran, which led to marginal logistical challenges. Overall, the market reflected weak demand with sufficient supply availability.

Thailand: NPK Imported prices Laem Chabang, Thailand; Grade- NPK 16-16-16

NPK price in Thailand in Q1 2026 witnessed a decline of approximately 1% compared to the previous quarter, supported by stable feedstock costs and moderate demand conditions. Feedstock prices, including ammonia, phosphoric acid, and potash, remained stable, limiting production cost fluctuations.

NPK price trend in Thailand remained steady across agricultural sectors, supporting moderate consumption levels. Supply conditions are balanced amid global supply uncertainty, geopolitical disruptions, rising energy and fuel costs, and higher logistics expenses. Production levels are aligned with demand requirements.

Consumption remained stable with cautious buying behaviours. In March 2026, NPK price in Thailand increased slightly as compared to February due to the escalating US-Israel conflict with Iran, which impacted global logistics. Overall, the market reflected steady demand with balanced supply dynamics.

India: NPK Domestically traded Price Ex-West, India; Grade- NPK 15-15-15

NPK price in India for Q1 2026 has experienced growth of about 1%, owing to cost pressure and stable agricultural demand. The NPK price trend in India has remained influenced by elevated feedstocks, such as ammonia, phosphoric acid, potash, and urea, remained high, leading to small price changes. The agricultural demand is sustained due to constant fertilizer usage for major crops.

The supply in the market has been stable despite uncertainties in the global market due to political instabilities, increasing costs of energy and fuel, as well as rising logistics costs. Production is maintained at stable levels to cater to local demands.

Consumption of the product remained stable with cautious purchasing. As observed in March 2026, NPK price in India increased by about 3% compared to those recorded in February, attributed to the US-Israel conflict with Iran.

China: NPK Domestically traded Price Ex-Shandong, China; Grade- NPK 15-15-15 Cl

The NPK price in China has remained influenced by elevated experienced growth of about 7% during the first quarter of 2026, driven by increasing feedstock costs and strong demand fundamentals. The feedstocks, such as ammonia, phosphates, potash, and urea, are experiencing increases in their prices, leading to increased production costs.

NPK price trend in China has strong demand for NPK fertilizers since the agricultural sector has upcoming farming seasons. Slight constraints in the supply chain are seen because of the uncertain global supplies of the commodity, geopolitics, energy, and fuel cost increases. Production is moderately impacted by the increasing production costs.

Higher consumption of NPK fertilizers is seen during the period. In March 2026, NPK price in China there has been an increase in NPK fertilizers, albeit slightly. This is despite the ongoing conflicts between the US, Israel, and Iran that could be causing uncertainty in the market.

Russia: NPK Export prices St. Petersburg, Russia; Grade- NPK 15-15-15

The NPK price in Russia in the first quarter of 2026 exhibited a predominantly stable trend when compared with the previous quarter. The NPK price trend in Russia has remained supported by relatively unchanged feedstock costs for Ammonia, Potash, and Phosphates, which have ensured stable production costs throughout the quarter. There are no fluctuations in the demand for the product both in domestic and foreign markets.

Supply levels are constant even in the presence of uncertainties in the international market due to geopolitical tensions, increasing energy prices, and rising logistics costs. There is steady production level in response to the constant demand.

Consumption levels are also constant due to consistent purchasing. In March 2026, NPK price in Russia exhibited minor differences from February due to tensions between the US and Israel against Iran.

NPK Price Trend Analysis: Q4 2025

NPK fertilizer sales exhibited a marginal drop of approximately 1% in Q4 2025 relative to the preceding quarter, owing to stable but slightly subdued market performance. The cost of feedstocks like ammonia, phosphoric acid, and potash exhibited marginal stability within the quarter, thus not significantly affecting production expenses for the manufacture of compound fertilizers.

Demand from the agriculture industry has been stable since farmers applied nutrients in a routine manner to cultivate winter crops; however, purchases are done on a need-basis and in a conservative manner.

The production trend of leading fertilizer plants is stable, with manufacturers matching their production volumes to demand trends to prevent stock build-up. Supply conditions within the domestic and foreign markets are sufficient, fueled by consistent manufacturing processes and imports.

Consumption levels in major agricultural areas are stable, with consumers refraining from aggressive hoarding owing to sufficient supplies. In general, the market exhibited an essentially balanced performance, marked by stable feedstock costs and supply, which kept prices stable.

Morocco: NPK Export prices Jorf Lasfar, Morocco; Grade- NPK 15-15-15

The NPK price in Morocco in Q4 2025 experienced a slight decline of approximately 1% compared with the previous quarter, reflecting balanced supply conditions and moderate downstream demand. Feedstock inputs such as phosphoric acid, ammonia, and potash remained relatively stable, enabling producers to maintain controlled production costs throughout the quarter.

Demand from both domestic agriculture and export markets remained steady as fertilizer consumption continued for seasonal crop nutrient requirements across several importing regions. Production activities at major fertilizer facilities remained consistent, supported by Morocco’s strong phosphate-based fertilizer manufacturing infrastructure.

Supply availability in international markets remained adequate, with exporters maintaining stable shipment volumes to key destinations. Consumption patterns stayed stable but cautious, as buyers relied on regular procurement cycles rather than aggressive stocking.

In December 2025, NPK prices in Morocco declined by around 1% as compared to November, due to balanced supply availability and moderate purchasing activity in export markets. Overall NPK price trend in Morocco remained steady with slightly soft pricing sentiment.

Germany: NPK Imported prices Hamburg, Germany; Grade- NPK 15-15-15

NPK price in Germany in Q4 2025 experienced a mild decline of around 1% compared to the previous quarter, reflecting slightly softer trading conditions across the European fertilizer sector. Feedstock inputs such as ammonia, phosphoric acid, and potash remained relatively stable during the quarter, allowing fertilizer manufacturers to maintain predictable production costs.

Demand from the agricultural sector remained moderate as farmers continued nutrient applications for winter crops, although purchasing activity is largely cautious and based on immediate requirements. Production levels at compound fertilizer facilities are maintained at balanced operating rates to align with seasonal consumption patterns and prevent inventory accumulation.

Supply availability remained comfortable due to steady domestic output and intra-European trade flows. Consumption across major farming regions stayed stable but measured. In December 2025, NPK price in Germany declined by around 1% as compared to November, due to cautious distributor purchasing and adequate product availability across regional markets. Overall, the NPK price trend in Germany maintained a stable but slightly soft outlook supported by balanced supply and moderate agricultural demand.

Nigeria: NPK Imported prices Apapa, Nigeria; Grade- NPK 15-15-15

NPK price in Nigeria in Q4 2025 recorded a slight decline of approximately 1% from the previous quarter, reflecting balanced but somewhat softer fertilizer trading conditions. Feedstock materials including ammonia, phosphoric acid, and potash remained largely stable, enabling local blending plants to maintain steady production cost structures.

Agricultural demand continued across key crop growing regions, particularly staple food crops, although distributors adopted a cautious procurement strategy amid comfortable supply levels. Domestic production at blending facilities operated at moderate rates, supported by government-backed fertilizer programs and consistent input availability.

Supply remained adequate due to both local blending activity and ongoing imports through major ports. Consumption patterns stayed stable as farmers maintained routine fertilizer application schedules.

In December 2025, NPK price in Nigeria declined by around 1% as compared to November, due to balanced supply conditions and cautious distributor restocking activity within the domestic fertilizer market. Overall, the NPK price trend in Nigeria remained stable with slightly weak pricing sentiment amid adequate availability.

Thailand: NPK Imported prices Laem Chabang, Thailand; Grade- NPK 16-16-16

NPK price in Thailand in Q4 2025 witnessed a marginal decline of about 1% compared to the previous quarter as market conditions remained balanced but slightly softer. Feedstock components such as ammonia, phosphoric acid, and potash showed relative stability during the quarter, providing limited volatility in fertilizer production costs.

Demand from the agricultural sector remained steady as farmers prepared nutrient requirements for seasonal crop cultivation, though purchasing activity remained largely needed based. Domestic blending facilities maintained steady production rates to match prevailing consumption trends and avoid excess inventories.

Supply availability remained sufficient due to consistent import flows and stable regional trade activity. Consumption across major agricultural areas remained stable with measured procurement behavior from distributors.

In December 2025, NPK price in Thailand declined by around 1% as compared to November, due to comfortable supply availability and cautious purchasing by agricultural distributors. Overall, the NPK price trend in Thailand displayed balanced fundamentals with slightly softer pricing momentum.

China: NPK Domestically traded Price Ex-Shandong, China; Grade- NPK 15-15-15 Cl

NPK price in China in Q4 2025 remained largely stable compared with the previous quarter, with prices showing no significant change during the period. Feedstock inputs including ammonia, phosphoric acid, and potash remained relatively steady, allowing compound fertilizer producers to maintain consistent production cost levels.

Agricultural demand remained moderate as fertilizer application continued for winter crop cultivation across several farming regions. Procurement from distributors and farmers remained steady but cautious, reflecting balanced inventory levels within the market.

Production activities at major fertilizer plants operated at controlled rates as manufacturers aligned output with consumption trends and export requirements. Supply availability remained sufficient across both domestic and export markets supported by China’s large fertilizer manufacturing capacity.

In December 2025, NPK price in China remained stable with no major change due to balanced demand conditions and adequate supply availability across the market. Overall, the NPK price trend in China maintained a neutral outlook supported by stable feedstock costs and steady agricultural consumption.

India: NPK Domestically traded Price Ex-West, India; Grade- NPK 15-15-15

The NPK price in India has seen to experience a slight drop in its pricing performance during the fourth quarter of 2025 with an average reduction in prices by about 2%. Inputs such as ammonia, phosphoric acid, and potash experienced stability in their costs and therefore put little strain on domestic compound fertilizer manufacturers.

The NPK price trend in India from the agriculture industry has been moderate since the farmers has used up all the nutrients required for rabi crop production. Production is sustained at balanced levels in relation to consumption to avoid having excessive stock build-ups.

Supply in the market has been comfortable as production is being done domestically at balanced levels, while imports also kept coming in through various domestic ports. Consumption trends do not indicate any signs of aggressivity as prices are slightly soft. In December 2025, NPK price in India fell by 1% when compared with those of November 2025 due to cautious procurement and sufficient stocks.

Russia: NPK Export prices St. Petersburg, Russia; Grade- NPK 15-15-15

The NPK price in Russia saw a minor decrease of about 1% in Q4 2025, demonstrating steady market dynamics. The price of raw materials such as ammonia, phosphoric acid, and potash experienced no significant changes, enabling fertilizer manufacturers to sustain low costs during that quarter.

The NPK price trend in Russia from the agricultural industry has been modest, considering the ongoing application of the fertilizer on the fields for the purpose of preparing crops for winter and replenishing nutrients in the soil. The volume of production at large-scale fertilizer plants is consistent, with the producers making efforts to maintain balanced output volumes corresponding to consumption needs and exports.

Supply volumes are sufficient in both domestic and export markets owing to Russia’s high capacity for fertilizer production. The pattern of consumption do not change considerably, with consumers showing little eagerness to purchase additional fertilizer supplies as supply volumes are sufficient. In December 2025, NPK price in Russia fell by about 1%when compared to November due to stable prices for raw materials and adequate supply conditions.

India: NPK Domestically traded Price Ex-West, India; Grade- NPK 15-15-15

In India the NPK market in Q3 2025 experienced a slight decline of around 2% compared to the previous quarter, reflecting softer pricing conditions despite stable agricultural demand. Feedstock inputs such as ammonia, phosphoric acid, and potash remained relatively balanced during the quarter, offering moderate cost stability for domestic fertilizer producers.

Demand from the agricultural sector stayed steady as farmers continued nutrient applications for kharif crops, though procurement activity remained cautious and largely need based. Production levels at major fertilizer plants are maintained at balanced operating rates to align supply with prevailing consumption patterns and avoid inventory buildup.

Supply availability across domestic markets remained adequate due to consistent manufacturing output and steady imports. Consumption trends remained stable across major agricultural states as distributors maintained routine supply to farming regions.

In September 2025, NPK prices declined by around 1% as compared to November, dueto comfortable supply availability and cautious distributor purchasing activity. Overall, the Indian NPK market remained balanced but slightly soft during the quarter.

Russia: NPK Export prices St. Petersburg, Russia; Grade- NPK 15-15-15

In Russia the NPK market in Q3 2025 recorded a moderate increase of around 3% compared to the previous quarter, supported by steady agricultural demand and improved fertilizer trading activity. Feedstock components including ammonia, phosphoric acid, and potash remained relatively stable, enabling producers to maintain controlled production costs throughout the period.

Demand from domestic agriculture strengthened gradually as farmers increased fertilizer procurement for seasonal crop nutrient requirements. Production at large fertilizer complexes remained steady, with manufacturers maintaining efficient operating rates to support both domestic consumption and export commitments.

Supply availability remained comfortable due to Russia’s strong fertilizer manufacturing capacity and stable export flows to international markets. Consumption improved moderately as distributors increased procurement to meet agricultural demand.

In September 2025, NPK prices remained stable with no major change due to balanced supply levels and cautious buying activity. Overall, the Russian NPK market maintained a firm and stable outlook.

Morocco: NPK Export prices Jorf Lasfar, Morocco; Grade- NPK 15-15-15

In Morocco the NPK market in Q3 2025 witnessed a strong upward trend with prices rising by approximately 8% compared to the previous quarter, reflecting stronger export demand and supportive feedstock conditions. Key inputs such as phosphoric acid, ammonia, and potash remained relatively firm, providing cost support to compound fertilizer production during the quarter.

Demand from international markets strengthened as several importing regions increased fertilizer procurement ahead of seasonal agricultural requirements. Production activities at major fertilizer facilities remained robust, supported by Morocco’s well established phosphate based fertilizer industry. Supply availability remained adequate as manufacturers maintained consistent production and export shipments.

Consumption from key global agricultural markets improved significantly, contributing to stronger trade activity throughout the period. In September 2025, NPK prices in Morocco increased by around 1% as compared to November, dueto firm export demand and improved buying interest from international markets. Overall, the Moroccan NPK market remained strong with firm pricing momentum supported by export driven demand.

Germany: NPK Imported prices Hamburg, Germany; Grade- NPK 15-15-15

In Germany the NPK market in Q3 2025 witnessed a moderate improvement with prices rising by around 2% compared to the previous quarter, supported by seasonal agricultural demand and balanced supply conditions across the European fertilizer sector. Feedstock materials such as ammonia, phosphoric acid, and potash remained relatively firm during the quarter, which provided cost support to compound fertilizer producers.

Demand from farmers increased gradually as nutrient application for late summer crops and soil preparation activities progressed. Production levels at fertilizer manufacturing facilities are maintained at steady operating rates, ensuring sufficient supply to meet regional consumption requirements. Supply across domestic and neighboring European markets remained adequate due to consistent production and stable trade flows.

Consumption patterns improved moderately as distributors increased procurement to meet agricultural demand. In September 2025, NPK prices remained stable with no major change due to balanced supply availability and cautious end user purchasing. Overall, the German NPK market maintained a firm yet stable outlook.

Nigeria: NPK Imported prices Apapa, Nigeria; Grade- NPK 15-15-15

In Nigeria the NPK market in Q3 2025 experienced a strong upward movement with prices increasing by approximately 7% compared to the previous quarter, reflecting improved agricultural demand and active fertilizer distribution programs. Feedstock inputs including ammonia, phosphoric acid, and potash remained relatively stable, enabling blending plants to maintain steady production costs despite stronger market activity.

Demand from the agricultural sector increased significantly as government supported fertilizer initiatives and seasonal crop planting boosted purchasing across key farming regions. Production at domestic blending facilities operated at higher utilization rates to meet rising consumption requirements.

Supply conditions remained adequate due to steady imports of raw materials and consistent blending activity. Consumption improved considerably as farmers increased fertilizer usage during the planting season.

In September 2025, NPK prices increased by around 1% as compared to November, due to steady agricultural demand and distributor restocking activity. Overall, the Nigerian NPK market showed strong demand driven growth during the quarter.

Thailand: NPK Imported prices Laem Chabang, Thailand; Grade- NPK 16-16-16

In Thailand the NPK market in Q3 2025 recorded a moderate rise of around 2% compared with the previous quarter, reflecting improved agricultural demand and steady fertilizer trade activity in the region. Feedstock components including ammonia, phosphoric acid, and potash remained relatively stable throughout the quarter, allowing fertilizer blenders to maintain controlled production costs.

Demand from farmers strengthened as seasonal planting activities increased nutrient requirements for crops such as rice and plantation commodities. Production levels at local blending facilities remained steady as manufacturers adjusted output to match rising consumption trends.

Supply availability remained comfortable due to stable import flows from major fertilizer producing countries. Consumption improved gradually as distributors increased procurement to support agricultural requirements.

In September 2025, NPK prices remained stable with no significant change due to balanced supply availability and cautious distributor purchasing activity. Overall, the Thai NPK market maintained steady growth supported by seasonal agricultural demand.

China: NPK Domestically traded Price Ex-Shandong, China; Grade- NPK 15-15-15 Cl

In China the NPK market in Q3 2025 observed a mild increase of about 1% compared to the previous quarter, reflecting stable market fundamentals and steady agricultural consumption. Feedstock inputs such as ammonia, phosphoric acid, and potash remained relatively stable during the quarter, providing consistent cost support for compound fertilizer manufacturers.

Demand from the agricultural sector remained moderate as farmers continued fertilizer application for summer and early autumn crops across major farming provinces. Production at large fertilizer plants operated at balanced rates to maintain supply availability and avoid excessive inventory accumulation.

Supply conditions across both domestic and export markets remained sufficient due to China’s strong fertilizer manufacturing capacity. Consumption trends remained stable as distributors maintained routine procurement cycles.

In September 2025, NPK prices remained stable with no major change due to adequate supply availability and cautious buyer procurement behaviour. Overall, the Chinese NPK market remained stable with modest upward momentum.

Global:

According to Price Watch, in Q2 2025 the NPK 15-15-15 market on an FOB Saint Petersburg basis, recorded a moderate upward movement with prices increasing by around 5% compared to the previous quarter. The improvement is supported by firmer agricultural demand and stronger fertilizer trading activity across international markets. Feedstock components including ammonia, phosphoric acid, and potash remained relatively stable but slightly firm, providing cost support to compound fertilizer producers. Demand strengthened as distributors and importers increased procurement ahead of major planting seasons in several regions. Production at fertilizer manufacturing complexes operated at steady to slightly higher utilization rates to meet the improved demand outlook. Supply conditions remained adequate due to consistent production and stable export shipments. Consumption patterns improved as buyers showed greater willingness to restock inventories during the quarter. Overall, the NPK market maintained a firm tone supported by stronger demand and stable feedstock fundamentals.

India:

According to Price Watch, in Q2 2025 the NPK 15-15-15 market on an Ex- West India basis, recorded a further price increase of approximately 5% compared to the previous quarter, reflecting sustained momentum in fertilizer demand and supportive feedstock conditions. Key raw materials such as ammonia, phosphoric acid, and potash remained relatively firm, providing cost support to domestic fertilizer producers and influencing market pricing. Demand from the agricultural sector remained robust as farmers continued nutrient applications for crop growth stages and soil nutrient management. Fertilizer distributors maintained active procurement strategies to ensure availability during the peak agricultural season. Production at major fertilizer facilities operated at healthy utilization levels, allowing manufacturers to maintain steady supply flows across the domestic market. Supply remained adequate due to consistent manufacturing output and ongoing imports of raw materials. Consumption stayed strong as agricultural activity remained active. Overall, the NPK market maintained a firm and positive outlook throughout the quarter.

Global:

According to Price Watch, in Q1 2025 the NPK 15-15-15 market on an FOB Saint Petersburg basis, remained largely stable compared with the previous quarter, showing no significant price change during the period. Feedstock inputs such as ammonia, phosphoric acid, and potash maintained relatively steady pricing, allowing fertilizer manufacturers to operate with predictable production costs. Demand from the agricultural sector stayed moderate as distributors and farmers maintained routine procurement for early season nutrient applications. Market participants reported balanced supply availability as production at major fertilizer facilities operated at steady utilization rates. Export trading activity remained consistent with shipments moving to several agricultural markets preparing for seasonal crop requirements. Consumption patterns remained stable as buyers relied mainly on regular purchasing cycles rather than aggressive stock building. Overall, the market maintained a balanced outlook, supported by stable feedstock costs and adequate supply conditions throughout the quarter.

India:

According to Price Watch, in Q1 2025 the NPK 15-15-15 market on an Ex- West India basis, witnessed a notable upward movement with prices increasing by around 6% compared to the previous quarter. The rise is primarily supported by firm feedstock values, particularly ammonia, phosphoric acid, and potash, which contributed to higher production costs for compound fertilizer manufacturers. Demand from the agricultural sector strengthened as farmers prepared for seasonal crop cycles and nutrient application programs across several farming regions. Distributors and retailers increased procurement volumes in anticipation of stronger fertilizer consumption during the planting period. Production activities at domestic fertilizer plants are maintained at stable to slightly elevated operating rates to ensure adequate supply availability in the market. Supply conditions remained balanced due to consistent domestic output and steady import arrivals. Consumption patterns improved steadily as buyers showed stronger interest in securing inventories. Overall, the NPK market displayed firm fundamentals supported by improved agricultural demand and higher feedstock costs.

NPK Price Trend Analysis: Q4 2024

According to Price Watch, in Q4 2024 the NPK 15-15-15 market on an FOB St. Petersburg basis, experienced a sharp downward movement, with prices declining by around 10% compared with the previous quarter. The decline is largely influenced by ample supply availability and subdued procurement activity from several importing regions. Feedstock inputs including ammonia, phosphoric acid, and potash remained relatively stable during the quarter, limiting production cost pressures for fertilizer manufacturers. However, the stability in raw material prices is insufficient to support finished fertilizer pricing amid weaker trading activity. Demand from the agricultural sector slowed slightly as several buyers relied on existing inventories and postponed fresh purchases. Production levels at major fertilizer plants are maintained at balanced rates to avoid excessive stock buildup. Supply conditions remained comfortable due to steady manufacturing output and consistent export shipments. Consumption patterns remained moderate, reflecting cautious distributor procurement across global markets.

According to Price Watch, in Q3 2024 the NPK 15-15-15 market on an FOB St. Petersburg basis, recorded a mild decline of approximately 2% from the previous quarter, reflecting slightly softer fertilizer trading conditions. Feedstock components such as ammonia, phosphoric acid, and potash remained relatively stable, allowing producers to maintain controlled production costs throughout the quarter. Agricultural demand remained moderate as farmers in several regions continued routine nutrient applications for seasonal crop cultivation. Procurement activity from distributors remained measured, with buyers adopting cautious purchasing strategies amid adequate inventory levels. Production at major fertilizer complexes operated at stable utilization rates to ensure consistent supply availability. Supply conditions across international markets remained balanced due to steady manufacturing output and regular export shipments. Consumption patterns remained steady but not aggressive as buyers focused on immediate agricultural requirements rather than long term stocking strategies. Overall, the market maintained a slightly soft yet stable tone.

According to Price Watch, in Q2 2024 the NPK 15-15-15 market on an FOB St. Petersburg basis, observed a marginal decline of around 1% compared with the previous quarter, reflecting relatively stable yet slightly weaker fertilizer market dynamics. Feedstock prices for ammonia, phosphoric acid, and potash remained largely stable, providing moderate cost support to compound fertilizer producers. Demand from the agricultural sector remained steady as farmers continued fertilizer application for crop growth and soil nutrient management. However, procurement activity remained cautious as distributors relied partly on existing inventories. Production levels at fertilizer manufacturing facilities are maintained at balanced operating rates to match consumption trends and avoid excess stock accumulation. Supply conditions remained comfortable due to stable production and consistent export flows. Consumption across major agricultural regions remained stable, with buyers maintaining routine purchasing cycles. Overall, the market displayed balanced fundamentals with slightly soft pricing sentiment.

According to Price Watch, in Q1 2024 the NPK 15-15-15 market on an FOB St. Petersburg basis, remained largely stable with no significant price change compared with the previous quarter. Feedstock inputs including ammonia, phosphoric acid, and potash maintained relatively steady pricing, allowing fertilizer producers to operate under predictable production cost structures. Agricultural demand remained moderate as farmers and distributors maintained regular procurement for seasonal nutrient applications. Production activity at fertilizer plants continued at stable operating rates, ensuring sufficient product availability in the market. Supply conditions remained balanced due to consistent manufacturing output and steady export shipments to international markets. Consumption patterns across importing regions remained stable as buyers maintained routine purchasing behavior without aggressive restocking activity. Overall, the market maintained a neutral and balanced outlook supported by steady feedstock costs and stable agricultural demand.

Technical Specifications of Npk Price Trends

Product Description

NPK fertilizer is a balanced plant nutrient formulation containing Nitrogen (N), Phosphorus (P), and Potassium (K), the three primary macronutrients essential for healthy plant growth and soil fertility. It is produced through chemical blending or granulation of nutrient sources such as ammonia, phosphates, and potash to create a uniform granular or powder product with a defined nutrient ratio. Nitrogen promotes vigorous leaf and stem growth, phosphorus supports root development and flowering, while potassium enhances plant strength, nutrient uptake, and resistance to environmental stress. NPK fertilizers provide consistent nutrient availability, improving crop productivity and soil performance. With controlled composition, good solubility, and uniform particle size, NPK fertilizers are suitable for a wide range of agricultural, horticultural, and plantation applications.

Identifiers and Classification:

CAS No – 66455-26-3

HS Code – 31056000

Molecular Formula – NPK X-Y-Z

Molecular Weight[g/mol] – NA

NPK Synonyms:

  • Nitrogen-phosphate-potassium fertilizers
  • Complex/Compound Fertilizer
  • Blended Fertilizer


NPK Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 15000- 20000 MT
  • Packaging Type (Product & Country Specific): 50 Kg Bag


Incoterms Referenced in NPK Reporting

Shipping Term  Location  Definition 
Ex-West  West, India  Domestically Traded NPK price in West India. 
FOB Jorf Lasfar  El Jadida, Morocco  NPK Export price from Morocco. 
FOB Saint Petersburg  Saint Petersburg, Russia  NPK Export price from Russia. 
CFR Nhava Sheva (Russia)  Mumbai, India  NPK Import price in India from Russia. 
CFR Apapa port (Morocco)  Lagos, Nigeria  NPK Import price in Nigeria from Morocco. 
CFR Laem Chabang (Russia)  Laem Chabang, Thailand  NPK Import price in Thailand from Russia. 
CFR Hamburg (Russia)  Hamburg, Germany  NPK Import price in Germany from Russia. 
Ex Shandong  Shandong, China  Domestically Traded NPK price in China. 

*Quotation Terms refers to the quantity range specified for the NPK being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for NPK packing, ease of handling, transportation, and storage in industrial and commercial applications.

NPK Manufacturers

Manufacturer 
IIFCO 
Coromandel International Limited 
Gujarat State Fertilizers & Chemicals Limited 
RCF 
Phosagro 
Yara International 
Acron Group 
OCP Group 

Npk Industrial Applications

Historically, several events have caused significant fluctuations in Npk prices

  • Renewed Downturn (2023–2025):
    Weak demand, excess supply, high inventories, stable production, lower input costs, weak exports, seasonal slowdowns, and cautious purchasing behavior kept NPK prices at lower levels.
  • Russia–Ukraine War Impact (2022–2023):
    European producers faced sharply higher gas prices and reduced Russian supplies, increasing manufacturing costs and export prices.
  • Post-COVID Recovery & Inflation (2021–2022):
    The NPK market stabilized and gradually recovered as production normalized and logistics improved. Agricultural demand strengthened, supporting moderate growth and price recovery across most regions.
  • COVID-19 Disruption (2020):
    The COVID-19 pandemic disrupted NPK supply chains through plant shutdowns, port delays, and transportation bottlenecks. However, continued agricultural activity partially supported the market and prevented a complete collapse.
  • Firm Reversal (Early 2018–2019):
    Reduced farm demand weakened NPK buying capacity. Lower energy and feedstock costs helped producers cut prices to maintain volumes.

 

These events highlight the NPK market’s sensitivity to supply disruptions, industrial demand shifts, geopolitical developments, and policy interventions. They also emphasize the importance of monitoring both global supply trends and domestic consumption patterns.

Why Price Watch™?

Price Watch™ is your trusted resource for tracking global npk price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the npk market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watch™ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence npk prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely npk market data.

Track Price Watch's™ npk price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Npk Market Price Trend published by Price Watch™ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watch™ assumes no liability for decisions taken based on this information.

NPK fertilizer is a compound fertilizer containing nitrogen (N), phosphorus (P), and potassium (K), essential for plant growth and crop productivity. Its price directly impacts farming costs, fertilizer blending margins, and agricultural output economics. Price-Watch™ tracks NPK fertilizer prices to help businesses monitor market trends.

NPK fertilizer prices vary by grade (such as 10-26-26, 20-20-0), region, and trade terms like FOB or Ex-works. Prices fluctuate depending on raw material costs and supply-demand conditions. Price-Watch™ provides up-to-date price assessments across global markets.

Prices are influenced by feedstock costs such as ammonia, phosphoric acid, and potash, along with agricultural demand cycles, seasonal planting, operating rates, and global trade flows. Price-Watch™ tracks these market dynamics.

The primary consumers are the agriculture and horticulture sectors, including crop producers, plantation farms, and fertilizer distributors. It is also used in landscaping and greenhouse farming. Price-Watch™ monitors consumption across these sectors.

NPK fertilizer is produced by blending or chemically reacting nitrogen, phosphorus, and potassium sources such as urea, ammonia, phosphoric acid, and potash. Major production hubs include China, Russia, Morocco, Europe, and Southeast Asia.

China is one of the largest exporters globally, followed by Russia, Morocco, and other major fertilizer-producing countries. Export volumes depend on raw material availability and domestic demand. Price-Watch™ monitors global trade flows.

Supply is generally sufficient, but tightness may occur during peak agricultural seasons or due to disruptions in raw material supply such as potash or phosphate. Price-Watch™ tracks supply-demand balances closely.

NPK fertilizers are available in various grades such as 10-10-10, 12-32-16, and 20-20-20. Prices differ based on nutrient composition, raw material costs, and production processes. Price-Watch™ provides grade-wise pricing insights.

Prices may rise, availability may tighten, and delivery timelines can extend, particularly during sowing seasons. Price-Watch™ captures such shifts in real time.

These are key feedstocks. Any increase in their prices raises production costs, directly influencing NPK fertilizer prices. Price-Watch™ analyzes feedstock correlations.

Variations arise due to raw material availability, production capacity, freight costs, government subsidies, import duties, and seasonal demand patterns. Price-Watch™ tracks regional pricing gaps.

The outlook depends on feedstock trends, crop cycles, global fertilizer demand, and geopolitical factors affecting supply chains. Price-Watch™ publishes regular price forecasts.

Yes. Forecasts help buyers optimize procurement strategies, manage inventory, negotiate better contracts, and reduce cost risks. Price-Watch™ supports informed decision-making.

Geopolitical tensions, trade restrictions, energy price fluctuations, and logistics disruptions can affect raw material supply and fertilizer trade flows. Price-Watch™ provides timely market updates.

Price-Watch™ collects data from producers, traders, and buyers to publish transparent price assessments, market reports, and forecasts, helping stakeholders stay ahead of market trends.

Access Real-Time Npk Price Trends
Access Real-Time Npk Price Trends