NPKs
Overview
The global market for compound NPKs is one of the most important and dynamic markets in the fertilizer sector. Greater agricultural sophistication is bringing an increasing variety of grades to the market. Producers are also striving to move from commodity grades, such as 15-15-15, to more specific formulations (often tailored to specific customer needs) to increase nutrient-use efficiency and capture market share.
The impact of the Russia-Ukraine conflict has also seen major shifts in trade flows, given Russia’s significant compound-NPK capacity, and Russian-origin product has long been seen as a benchmark for high-quality NPKs.
Argus has decades of experience covering the NPKs market. We incorporate our multi-commodity market expertise in key areas including nitrogen, phosphates, potash and sulphur to provide the full market narrative.
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Latest NPKs news
Browse the latest market moving news on the global NPKs industry.
India signs phos agreements with Saudi Arabia, Morocco
India signs phos agreements with Saudi Arabia, Morocco
London, 14 July (Argus) — Several Indian fertilizer importers have secured more Saudi DAP/NPS and Moroccan DAP and TSP through offtake agreements. The agreements come at a time when India has struggled to maintain comfortable DAP inventories, largely because of a lack of supply from China, which has drastically reduced its phosphates exports this year. Indian DAP stocks fell throughout June to begin July well below typical levels, at about 1.56mn t, provisional data show. Five-year deal with Saudi Arabia Indian importers IPL, Kribhco and Coromandel have signed an offtake agreement with Saudi Arabia for 3.1mn t/yr of phosphates over the coming five years. The quantity will mostly be DAP but also includes NPS. The deal covers five years starting from India's 2025-26 fiscal year (April-March), and includes an option for a five-year extension. The delegations discussed developing customised fertilizers specifically for India and have established a joint working group to explore long-term collaboration. The cargoes will be priced on a spot basis. The agreed quantity will surpass the 1.88mn t of DAP and 250,000t of NPS — totalling 2.13mn t — that India imported from Saudi Arabia over the 2024 calendar year, according to Argus line-up data. Additional DAP, TSP from Morocco's OCP Six Indian importers have signed another agreement with Moroccan producer OCP for the supply of DAP and TSP up to the end of the current calendar year, Argus understands. This brings the total agreed quantities between Morocco and India to 1.5mn t of DAP and 1mn t of TSP. The latest agreement is for an additional 300,000t of DAP and 200,000t of TSP, adding to the 1.2mn t of DAP and 800,000t of TSP agreed in April . The cargoes will be priced on formula. The importers are IPL, NFL, Hurl, PPL, RFC and Fact. OCP did not comment on the deal. India has imported 730,000t of DAP and 285,000t of TSP from Morocco since the beginning of April. India has so far not taken TSP from any other origin since it began importing the product in June 2024. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Pupuk Indonesia distributes subsidised fertilizers
Pupuk Indonesia distributes subsidised fertilizers
Singapore, 16 June (Argus) — State-owned fertilizer producer Pupuk Indonesia has distributed about 3.24mn t of subsidised fertilizers to registered domestic farmers as of 9 June, the company said. The distributed volumes consist of 1.55mn t of urea, 1.57mn t of NPK fertilizers, 25,500t of specialised NPK formulas and 98,600t of Pupuk's Petroganik organic fertilizers. Pupuk Indonesia's current national fertilizer stock availability for the domestic market is around 2mn t, comprising subsidised and non-subsidised products. Subsidised fertilizer stocks amount to 1.37mn t and non-subsidised fertilizer stocks are at 680,000t. Pupuk Indonesia has set a highest retail price (HET) for the sale of subsidised fertilizers. The HET for urea fertilizers is set at 2,250 rupiahs/kg ($138/t), for NPK Phonska fertilizers it is at 2,300 rupiahs/kg ($141/t), for NPK fertilizers for cocoa it is at 3,300 rupiahs/kg ($203/t), and for organic fertilizers it is at 800 rupiahs/kg ($49/t). Pupuk Indonesia is widely expected to have around 150,000t of urea available for July-loading export, according to market participants, but no tender has emerged yet. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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.
No offers under India’s NFL buy tender for NPKs
No offers under India’s NFL buy tender for NPKs
London, 9 June (Argus) — Indian fertilizer importer NFL has not received any offers under its tender to its MOU suppliers to buy up to 50,000t each of NPK grades 10-26-26 and 12-32-16. The tender closed on 9 June and requested 25,000-50,000t of 10-26-26 for delivery to India's east coast and a same-sized supply of 12-32-16 to the country's west coast. The shipments had to depart by 31 July under the tender's conditions. The lack of offers for NPS/NPKs probably reflects a lack of global supply, particularly from China, where suppliers have suspended export offers for NP and NPS. Argus understands that the customs inspection for these grades was halted on 26 May . Indian importer IPL bought 20-20-0+13S NPS with the price rising by around $12/t in the latest business from Saudi producer Ma'aden for June shipment. Meanwhile, fellow Indian firm FACT has extended the closing date of its tender to buy up to 50,000t of NPS 20-20-0+13S to 16 June from 9 June. By Elena Mataro Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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