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World Bank Projects Global Fertilizer Prices to Surge Nearly 31% in 2026

Erlina Fury Santika 04/05/2026 09:35 WIB

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The World Bank predicts that the global fertilizer price will rise by 30.71% by 2026. This could affect food prices.

Global Fertilizer Price Index According to the World Bank (2024-2027)*

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Global Fertilizer Price Index According to the World Bank (2024-2027)*

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In its April 2026 Commodity Markets Outlook report, the World Bank forecasts that the average global fertilizer price will reach 181.3 index points in 2026.

The index position in 2026 increased by 30.7% from 2025 (year-on-year/yoy) of 138.7. Meanwhile, the average in 2027 is predicted to be 152.1 points, a decrease of 16.1% (yoy).

The World Bank noted that the surge in the index was largely due to the disruption of fertilizer and input exports caused by the closure of the Strait of Hormuz.

"The most notable price increase occurred in urea, with a more moderate increase for other types of fertilizers," the World Bank wrote in its report.

It is this type of fertilizer whose index is projected to increase by more than 30% in 2026, supported by higher input costs-especially for nitrogen- and phosphate-based fertilizers-as well as increased demand.

The World Bank explained that the average price of nitrogen (urea) reached US$725 per metric ton in March, an increase of nearly 55% from February and the highest level since April 2022.

"This surge reflects the near-complete halt of exports from the Middle East region following the closure of the Strait of Hormuz, a critical shipping route for nitrogen-based fertilizers produced in that region," the World Bank wrote.

The region accounted for nearly a quarter of global urea exports in 2024, with nitrogen fertilizers being the most widely used. Additionally, it accounted for more than 15% of global ammonia exports, a key input in urea production, according to data from the International Fertilizer Association.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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World Bank Projects Global Fertilizer Prices to Surge Nearly 31% in 2026

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World Bank Projects Global Fertilizer Prices to Surge Nearly 31% in 2026

Tags

Related Data

Prevalence of Inadequate Food Consumption in Sarmi Dropped by 2.81% Over the Past 5 Years

Prevalence of Inadequate Food Consumption in Biak Numfor Rose 3.65% Over the Last 5 Years

Prevalence of Inadequate Food Consumption in Jayapura Dropped 8.76% Over the Last 5 Years

Prevalence of Inadequate Food Consumption in Jayapura City Dropped 3.36% in The Past Year

Supiori Population Food Consumption Insufficiency Rate Rises to 34.01% in 2025

Keerom Population Food Consumption Inadequacy Rate Rises to 39.89% in 2025

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