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.
Argus support market participants with:
- Argus NPKs: Weekly NPKs price assessments, proprietary data and market commentary
- Bespoke NPKs consulting project support
Latest NPKs news
Browse the latest market moving news on the global NPKs industry.
Morocco’s OCP to cut production in 2Q
Morocco’s OCP to cut production in 2Q
London, 2 April (Argus) — Morocco's OCP is bringing forward scheduled maintenance at several plants, the firm said. Maintenance at some OCP plants will begin next week, although it has not said which plants will begin maintenance first. The works will affect up to 30pc of OCP's second-quarter production capacity, the company said. Morocco exported 4.40mn t of DAP, 2.71mn t of MAP and 2.98mn t of TSP last year, according to Argus data. OCP has not given a reason for its decision, but tight supply of sulphur and ammonia — key raw materials for phosphates production — following the effective closure of the strait of Hormuz are likely to be the main drivers. The Middle East supplied 52pc of Morocco's sulphur imports last year. Bad weather disrupted operations at Moroccan ports earlier this year, curbing OCP's production and exports. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India’s NPK/NP stocks rise in January
India’s NPK/NP stocks rise in January
London, 23 February (Argus) — Indian imports of NPKs and NP fertilizers rose by about 375,000t in January as increased production and lower sales helped drive inventories up. India produced 1.14mn t of NPKs and NPs in January, up by nearly 2pc on January 2025, government data show — the highest monthly output so far during the April-March 2025-26 fertilizer year. Sales fell by almost 14pc on the year to 965,100t last month, while imports fell by nearly 16pc to 195,000t, the lowest this fertilizer year. The stockbuild — production plus imports minus sales — was 374,600t for January, while total stocks of NPKs and NPs stood at 5mn t as of 1 February, Argus estimates. Cumulative production reached nearly 10.41mn t in the first 10 months of the 2025-26 fertilizer year, a 12pc rise on the year. Imports doubled to 3.49mn t, while sales hit 12.71mn t, down by 1pc from last year. By Elena Mataro Indian NPK stocks, production, imports and sales Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Indian NPK/NP imports hit record in December, stocks up
Indian NPK/NP imports hit record in December, stocks up
London, 19 January (Argus) — Indian imports of NPKs and NP fertilizers in December 2025 hit a 14-year high, helping to drive inventories up by 327,400t, government data show. Imports totalled 577,000t, up from 118,000t in December last year and the highest since November 2011, Argus ' records show. India produced almost 1.12mn t of NPK and NP fertilizers last month, up by nearly 8pc year-on-year. Sales were broadly steady at 1.36mn t, inching down by less than 1pc from December 2024 at just below 1.36mn t. The stockbuild — production plus imports minus sales — was 327,400t for December. Indian total stocks of NPKs and NPs stood at 4.5mn on 1 January, Argus estimates. Cumulative production reached nearly 9.27mn t in the first nine months of the April-March 2025-26 fertilizer year, a 13pc increase from the same period last year. Imports totalled 3.30mn t, up by 122pc, while sales hit 11.74mn t, up from 11.72mn t last year. By Elena Mataro Indian NPK stocks, production, imports and sales Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Romgaz still open to buy ferts producer Azmoures
Romgaz still open to buy ferts producer Azmoures
London, 14 January (Argus) — Romanian state-owned natural gas company Romgaz remains interested in acquiring fertilizer producer Azomures, but will consider investing in other Romanian fertilizer projects. Romgaz has made an offer for the company and remains "open to an honest and coherent dialogue" concerning an acquisition, the company said today. Azomures said earlier this week that it was mothballing production after negotiations with Romgaz stalled. Azomures has not produced fertilizer since August 2024 , barring small-scale production in the second half of last year . The company, currently owned by Switzerland-based trading firm Ameropa, can produce up to 1.6mn t/yr of NPK and nitrogen fertilizers, and consumes around 1bn m³/yr of gas when operating at full capacity. Around three-quarters of its production is sold on the Romanian domestic market. Romgaz first expressed interest in Azomures in February and an acquisition was presented as the best solution for Romanian farmers. By Aidan Hall Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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