The fertilizer price increase in 2026 is becoming one of the most pressing concerns for global agriculture. According to a new World Bank report on commodity market prospects, fertilizer prices are expected to surge significantly this year. Furthermore, the World Bank identified the closure of the Strait of Hormuz as the main driver behind this sharp upward trend. Therefore, farmers and traders worldwide need to pay close attention to these developments.
World Bank Report: Fertilizer Prices Rose 12% in Q1 2026
The World Bank expects fertilizer prices to rise by 31% this year. These data appear in a new World Bank report on commodity market prospects. The report notes that fertilizer prices rose by 12% in the first quarter of 2026. Additionally, the World Bank experts stress the following:
“On a monthly basis, fertilizer prices in March 2026 reached their highest levels since 2022,”
explaining that the price increase was “largely driven by the closure of the Strait of Hormuz.”
Moreover, experts emphasize that the increase in urea prices had the greatest impact overall on the total price increase.
Fertilizer Price Increase 2026: Urea Leads the Surge
The World Bank’s projections for the fertilizer price increase in 2026 are particularly alarming. As the report states:
“Fertilizer prices are projected to rise by 31% in 2026, driven by a 60% jump in urea prices.”
This is a significant warning for farmers and agribusinesses globally. Consequently, higher input costs will squeeze profit margins across the agricultural sector.
Impact on Farmers and Future Harvests
Beyond price levels, the availability outlook is equally concerning. According to World Bank experts:
“the availability of fertilizers will fall to its lowest level since 2022, which will lead to a reduction in farmers’ incomes and threaten future harvests.”
As a result, both smallholder and large-scale farmers face serious challenges in the coming season. Therefore, securing fertilizer supply early and at competitive prices is now a strategic priority for agricultural businesses worldwide.
Source: Zerno On-Line (Russia)