The mineral fertilizer market experienced significant growth in 2025, driven primarily by the expansion of exchange-based procurement mechanisms. According to experts from the St. Petersburg International Mercantile Exchange (SPIMEX), the increase in trading volumes is a long-term trend supported by a growing number of participants on both the supply and demand sides, alongside the development of market infrastructure. A key catalyst was the introduction of new delivery terms, specifically “franco-destination – balancing point,” which integrates logistics costs into the final price. This innovation has made exchange purchases more accessible to small-scale farms that lack their own transportation capabilities, resulting in substantial growth; trade in ammonium nitrate alone more than doubled, exceeding 131 thousand tons.
A distinctive feature of the current market phase is the integration of end consumers through broker institutions, which helps reduce operational costs for agricultural producers with irregular purchasing schedules. Market participants confirm that the positive momentum observed in the first quarter of 2026 is expected to continue. Future development of exchange trading will focus on expanding delivery services and attracting new buyer categories, further enhancing price transparency and resource accessibility for the entire agricultural sector.
