The international fertilizer market is currently undergoing unprecedented transformation. Geopolitical conflicts, major policy shifts among leading economies, and supply chain restructuring have significantly increased market volatility. As we move into 2026, the market is no longer driven purely by supply and demand fundamentals. Instead, it has entered a new phase characterized by the parallel forces of “security priority + cost support + policy intervention.” I. The Real I

Early 2026: The RMB exchange rate stands at a new threshold. Looking back at 2025, the Renminbi demonstrated strong performance against the US dollar. For the full year, the onshore RMB rate strengthened from 7.2988 to 6.9890, an appreciation of over 4.2% . The central parity rate was adjusted upward by a total of 1,596 basis points, briefly breaking through the 7.0 mark to hit a two-year high. For international procurement professionals, exchange rates are never just a numb

I. Potash Market: Tight Supply and Rising Prices Amid Strategic Standoff; Pre-Spring Ploughing Stockpiling Underway, Tight Circulation Becoming the Norm Recently, China’s domestic potash market has exhibited an unusual pattern of shrinking volumes alongside rising prices. Despite persistent market rumors suggesting policy coordination through long-term contract allocations and direct-supply releases, actual circulating volumes remain tight. Against this backdrop of reduced av

I. Russia: Port Expansion to Boost Mineral Fertilizer Exports by 8–12% Following the completion of the expansion at Russia’s Ust-Luga Port Favor terminal, the country’s export capacity for mineral fertilizers is expected to increase by 8–12%. The terminal is open to all fertilizer producers and offers a key advantage in handling efficiency compared with non-specialized ports. At present, Russia still lacks sufficient dedicated port infrastructure for mineral fertilizers. The