Nigerian nitrogen fertilizer hit US$ 0.69 per kg in April and US$ 0.71 in May, a series record; the price then eased to US$ 0.45 per kg by August.
Nitrogen fertilizer that Brazil buys from Nigeria reached US$ 0.69 per kg in April 2026, above the previous record of US$ 0.49 per kg set in January 2023. That was 38.9% above the old ceiling. But April did not stay as the final mark: in May the price rose to US$ 0.71 per kg, and April's record was overtaken. Since then the price has eased month by month and, in August, stood at US$ 0.45 per kg, below the 2023 ceiling.
The percentage tells the story better than the absolute value. In April, buyers of Nigerian product paid almost 39% more per kilogram than at the January 2023 peak. This was not a few cents of drift: the old ceiling was cleared with room to spare. For Brazilian agribusiness, fertilizing from this origin got visibly more expensive in that month. The figure is an average price per kilogram rather than a sum of shipments. It measures what each unit cost, regardless of how much arrived at port. The climb also shows in the earlier months. A kilogram cost US$ 0.40 in December 2025, US$ 0.38 in January and US$ 0.39 in February. It rose to US$ 0.48 in March and reached US$ 0.69 in April.
One caution on reading. This is the Nigerian series, not the average price across all of Brazil's nitrogen suppliers. The record says something firm about that origin and only something indirect about the whole market. April's jump came from a single month, which called for caution before calling it a trend. The following months confirmed that caution, and they also showed how fast a record price can fade. The product, the partner and the flow are the same at both points of comparison, with no change of goods hidden in the arithmetic. The nitrogen fertilizer import panel lets you compare Nigeria with the other suppliers. As we showed in Brazilian crude to Portugal hits all-time high price, 2026 already carries more than one unit-price record in Brazilian imports.
The following months changed the reading. In May the price was US$ 0.71 per kg, 3.3% above April and 43.6% above the 2023 ceiling. But volume that month was small: about 6.5 thousand tonnes, against 120.6 thousand in April. An average price computed on little cargo carries less weight as a market signal. In March, before the jump, volume was much larger: 143.1 thousand tonnes at US$ 0.48 per kg. In June the price fell to US$ 0.58 per kg, on 55.6 thousand tonnes. In July it was US$ 0.48 per kg, on 133.3 thousand tonnes, and in August US$ 0.45 per kg, on 67.8 thousand. July and August stayed below the January 2023 peak.
In August the kilogram was 36.9% below May's high and 34.8% below April. The data do not say why the price rose and then fell. One hypothesis is the cost of natural gas, the raw material of nitrogen products, plus freight. Another is that the mix of cargoes changes from month to month. Neither is proven here. For a buyer, what matters is the price paid on the lot, and it moved a lot from one month to the next. On the Brazilian side, the bill reaches the field: nitrogen goes into top-dressing for corn, sugarcane and wheat, a step growers cannot postpone without losing yield. So the easing from June to August lowers the cost but does not erase the jump of April and May.
What to watch from September: whether the price stays near US$ 0.45 per kg or climbs again, and whether large cargoes, like July's, keep the price low. It is worth comparing other nitrogen suppliers too, to separate a market move from a Nigerian trait.
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