Market Insight
Price trends and market outlook, 7th May 2026.
Tag: Phosphates
Mosaic trims phosphate runs as sulphur spikes
Mosaic has withdrawn its 2026 phosphate production guidance and is cutting rates at key US and Brazilian plants as record sulphur prices compress stripping margins in an already tight phosphate market.
Trading in a time of seismic supply shocks
Ilya Motorygin of GG Trading says fertilizer trading is performing an essential function currently – in a market disrupted by supply earthquakes.
CRU Phosphates+ Potash 2026
We report on selected keynote and commercial presentations from CRU’s 2026 Phosphates+Potash Expoconference.
Decarbonising phosphate production
Stephen B Harrison of sbh4 consulting outlines the options for decarbonising diammonium phosphate (DAP).
CRU Phosphates+Potash conference focuses on sulphur
CRU’s Phosphates+Potash Expoconference was held in Paris in mid-April, with the Iran crisis uppermost in everyone’s mind. Margins are under pressure, sulphur has become a strategic constraint, and the phosphates investment pipeline is thin. CRU Principal Consultant Humphrey Knight examined the fallout from the closure of the Strait of Hormuz, noting that fertilizers have been hit harder than most bulk commodities. A large share of exportable sulphur and traded urea normally originates in, or passes through, Gulf producers. The effective closure of the strait has squeezed the traded part of these markets, where international prices are set, and pushed benchmarks up sharply. The global phosphate market is structurally tight, and the combination of Chinese export policy and Middle East logistics has pushed the traded segment into a much more fragile state.
OCP announces Q2 production cuts
Morocco's OCP is bringing forward its maintenance schedule and expects a reduction of up to 30% in output for the second quarter of 2026, the company said 2 April, with some plants beginning maintenance next week.
The market for ammonium phosphates
A market already characterised by tight supply has been thrown into chaos by the Iran war and reduction of phosphate exports from the Gulf at the knock on effect on sulphur prices, a key input into MAP/DAP production.
Aguia wins Tres Estradas licence
Brazil‑focused phosphate developer Aguia is nearing final approval for its Tres Estradas project in southern Brazil, with state environmental agency FEPAM now reviewing last‑minute changes ahead of issuing an operating licence.
The Buffer zone: Why physical traders matter more than ever in a fractured market
We speak with Ilya Motorygin, Managing Partner and Co-founder of GG Trading DMCC.