# December '24 Aussie Farmer Fertilizer Focus - Phosphates

> StoneX analyst Josh Linville says Indian phosphate purchases slowed, but Chinese October export data came in below expectations. He sees no excess phosphate supply among major exporters and expects spring demand to support prices.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12047-december-24-aussie-farmer-fertilizer-focus-phosphates
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Lower Chinese exports combined with snug global supply suggest phosphate prices will hold near current levels in the short term. Softer Indian buying is a limited offset.

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2024-11-29 | 1 | -0.9% | -3.1 | StoneX noted slower Indian phosphate purchases, which is a demand-side drag on DAP, though Chinese exports below expectations and no excess supply argue against a decline, so the net effect is limited. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-01-09 | [Global Fertilizer Price Update: December’21 -](https://feedsoft.ai/events/43442-global-fertilizer-price-update-december-21.md) | -1.4% | +0.3% |
| DAP | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | -2.6% | -2.2% |
| DAP | 2022-10-08 | [Global Fertilizer Price Updates: September’ 2022 -](https://feedsoft.ai/events/39446-global-fertilizer-price-updates-september-2022.md) | 0.0% | -3.8% |
| DAP | 2021-12-12 | [Global Fertilizer Price Update: November’21 -](https://feedsoft.ai/events/43943-global-fertilizer-price-update-november-21.md) | 0.0% | -2.8% |
| DAP | 2019-10-28 | [Fertilizer offtake decreases by 6.7 percent in September](https://feedsoft.ai/events/5191-fertilizer-offtake-decreases-by-6-7-percent-in-september.md) | -5.9% | -10.7% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/december-24-aussie-farmer-fertilizer-focus---phosphates-1538785/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.