Thailand's Fertilizer and Agricultural Materials Association said global
fertilizer shortages are easing, with urea tightness seen in March–May
materially improved. Imports from the Middle East via the Strait of Hormuz have
resumed and Saudi logistics have been adjusted to ship to Thailand via the Red
Sea. The association said domestic retail fertilizer prices will be reduced
gradually as costs fall, noting some inventories were bought at higher prices,
and asserted prices will not rise further. Iran has confirmed readiness to
supply urea to Thailand and told Thai authorities it will not levy special fees
or commissions on vessels bound for the country; Russia has also expressed
willingness to cooperate on fertilizer trade.
