Aqaba (Jordan): In the past few weeks, Jordan has seen a significant surge in Potassium Nitrate (KNOx) prices, reflecting a notable increase in fertilizer costs driven by various factors impacting both supply and demand dynamics. This surge has marked a substantial shift in the market landscape, affecting stakeholders across the fertilizer industry.
During May, Potassium Nitrate (KNOx) prices in Jordan experienced a significant rise, reaching USD xxx per metric ton (MT) FOB Aqaba. This increase of USD xx per MT or approximately xx from the previous month highlights broader trends in the global fertilizer market, with heightened demand and supply constraints contributing to the price surge.
The price hike in Potassium Nitrate was spurred by increased global demand, particularly from key importing countries such as India, the USA, Saudi Arabia, Iraq, and Belgium. The pre-monsoon season in India boosted agricultural activities, leading to...
