Phosphates
Overview
The global phosphates market has witnessed increasing volatility, in response to military conflicts, political tensions and changing market dynamics. Price fluctuations have continued to buffet the market, with increasing demand from south and Southeast Asia the main regions driving consumption growth. Rising raw material prices and improved affordability have lifted prices once again.
Phosphates' usage is also not solely limited to fertilizers. Battery-material suppliers are increasingly seeking to source phosphate rock and specialty phosphates-based products to meet the rapidly rising demand for lithium-iron-phosphate batteries for electric vehicle production.
Our extensive phosphates coverage includes DAP, MAP, TSP and SSP, as well as raw materials phosphate rock and phosphoric acid, with assessments also spanning feed products MCP and DCP. Argus has many decades of experience covering the phosphates market and incorporate our multi-commodity market expertise in key areas including sulphur and ammonia to provide the full market narrative.
Argus support market participants with:
- Daily and weekly phosphates price assessments, proprietary data and market commentary
- Short and medium to long-term forecasting, modelling and analysis of processed phosphate and phosphate rock prices, supply, demand, trade and projects
- Bespoke consulting project support
Latest phosphate news
Browse the latest market moving news on the global phosphate industry.
EU adopts new Russia, Belarus tariffs
EU adopts new Russia, Belarus tariffs
Brussels, 12 June (Argus) — The EU has now formally adopted new tariffs on remaining Russian and Belarus agricultural products, as well as on a range of fertilizers. The regulation, implementing the tariffs, enters into force on 1 July. EU officials estimate the new agricultural tariffs cover up to 15pc of Russian agricultural exports to the EU in 2023. The EU would, from 1 July, place an additional 50pc tariff customs duty based on value on over 145 CN codes. Goods covered include animal, dairy, live trees and other plants, coffee and meat as well as various animal fats and plant oils, including palm and palm kernel oil. The implementation of tariffs is to take place over three years for nitrogen-based and compound fertilisers. The new tariffs add an additional €40/t on imports of most nitrogen fertilizers — including urea, amsul, AN, CAN, and UAN — from Russia and Belarus, beginning on 1 July. They also add €45/t to the import of DAP, MAP, NPKs, NP and some other grades. The new tariffs are additional to already-existing import tariffs to the EU. For most grades from Russia these import tariffs are set at 6.5pc. From 2026 until 2028 the rates increase to reach levels of €315/t and €430/t respectively for the two product groups. The legal text also foresees immediate application of the highest rates, if cumulative imports exceed 2.7mn t in 2025-2026, 1.8mn t in 2026-2027, or 0.9mn t in 2027-2028. The European Parliament adopted the additional tariffs last month. Like EU states, parliament confirmed the commission's legal proposal, leaving unchanged the rates and phase-in period of tariffs proposed by the commission at the end of January. By Dafydd ab Iago EU proposed import tariffs for Russia and Belarus ( €/t *) Urea, Amsul, AN, CAN, UAN NPKs, DAP, MAP, NP Jul 25-Jun 26 40 45 Jul 26-Jun 27 60 70 Jul 27-Jun 28 80 95 From Jul 28 315 430 *All tariffs on top of 6.5pc import duty. Levels are applicable for a total of 2.7mn t in 2025-26, 1.8mn t in 2026-27, and 0.9mn t in 2027-28. Once the quota has been reached, levels jump to the level from July 28 — EU Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
India’s RCF receives DAP offer, NFL issues DAP tenders
India’s RCF receives DAP offer, NFL issues DAP tenders
London, 12 June (Argus) — Indian fertilizer importer RCF received one offer at $781/t cfr under its tender to buy 50,000t of DAP, which closed today, and fellow importer NFL will close tenders to buy DAP on 13 and 16 June. Trading firm Indagro submitted the only offer in RCF's tender. RCF had sought offers for black, brown or white DAP for shipment from the load port by 10 July and delivery to the east coast of India from its memorandum of understanding (MOU) suppliers. Indagro also submitted an offer at $779.90/t cfr in Indian importer Hurl's tender to buy DAP, which closed on Wednesday, alongside fellow trading firm Hexagon, which offered at $774.93/t cfr. NFL seeks DAP in tenders NFL is seeking offers for 25,000-50,000t of black, brown or neutral-coloured DAP in a tender closing on Friday. It wants the cargo to ship from the load port by 30 June for delivery to India's west coast. Offers are to be valid until 18 June. It has also issued a tender to buy 25,000-50,000t of DAP, closing on 16 June. It wants the cargo to ship from the load port by 31 July, also for delivery to India's west coast. Offers are to be valid until 20 June. Both tenders are open to NFL's MOU suppliers. The cargoes in both tenders are to be priced for payment at sight. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Ethiopia's EABC delays urea, DAP buy tenders to 16 June
Ethiopia's EABC delays urea, DAP buy tenders to 16 June
Amsterdam, 10 June (Argus) — Ethiopian Agricultural Businesses (EABC) has extended the deadline for its tenders to buy 260,000t of urea and 170,000t of DAP to 16 June. The tenders had been due to close today. EABC is seeking five lots of 52,000t of granular urea for loading from the last week of June through to early August. The importer is also requesting offers for two 60,000t shipments of DAP, one loading on 20-25 June and the other on 10-15 July, as well as 50,000t of DAP loading on 10-15 July. Offers for both products are to be submitted on a fob basis, giving options for payment at sight and with 30 days' deferred payment. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
India’s Fact issues tender to buy phosphoric acid
India’s Fact issues tender to buy phosphoric acid
London, 4 June (Argus) — Indian fertilizer producer and importer Fact has issued a tender to buy up to 12,000t of phosphoric acid solution, closing on 9 June. Fact wants the acid to contain 46-53pc P2O5 and the cargo should arrive at Kochi on India's southwest coast between 1-10 July. Offers are to be given at a premium or discount to the current quarterly phosphoric acid contract price of $1,153/t P2O5 cfr India and are to include 30 days' credit. The Indian second-quarter phosphoric acid contract price is $98/t P2O5 above the first-quarter price. The third-quarter price is widely expected to settle higher again, following a more than $100/t rise in DAP cfr prices in India since the beginning of April. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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Spotlight content
Browse the latest thought leadership produced by our global team of experts.
China’s PPA Market: Growing non-fertilizer demand, forecast & new price assessments
This paper analyses purified phosphoric acid (PPA) demand, production processes and grades, influence of the battery metals/LFP sector, forecasts - and introduces Argus' new China PPA price assessments
Podcast - 25/04/30Fertilizer Matters Ep30: US Fertilizer Markets are Tariff-ied
WhitePaper - 25/04/03Low DAP stocks in India and challenging affordability hurdles prompt launch of new price forecast
Concise market insight paper analysing India's DAP market and pricing risk as well as a new price forecast from Argus
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