Fertilizer Prices Surge 26% as Food Costs Climb

Global commodity prices have reached a six-year low, but fertilizer costs are bucking the trend with a sharp 26.2% spike in a single month, according to the World Bank.

Fertilizer Prices Defy the Trend

Between February and March 2026, fertilizer prices surged 26.2%, driven by urea which jumped approximately 46% month-on-month.

Food Prices Follow Upward

Global food prices rose 2.7% in March, with wheat and maize recording double-digit increases.

Impact on Developing Economies

The fertilizer shock disproportionately affects developing countries where agriculture represents a larger share of GDP.