# November '25 Farmer Fertilizer Newsletter - Phosphate

> StoneX's Josh Linville says global phosphate prices have fallen from their highs, with an Indian DAP vessel bought at $725 CFR versus a $810 peak. He notes that China's October 15 export submission date passed without an extension, which should slow Chinese exports. He expects delayed buyer demand to build and could lift prices later.

- Date: 2025-10-15 · published 2025-10-15T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/22328-november-25-farmer-fertilizer-newsletter-phosphate
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Slower Chinese DAP exports combined with deferred Indian and other buying could reverse the recent price decline. Buyers should expect firmer phosphate prices as demand returns.

## Read by commodity

- DAP: bullish ▲
- UREA: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-05-06 | [Hoeven Lays Out Priorities on Fertilizer, Farm Aid, Farm Bill and Trade \| American Ag Network](https://feedsoft.ai/events/19217-hoeven-lays-out-priorities-on-fertilizer-farm-aid-farm-bill-and-trade-american.md) | -4.5% | -27.3% |
| UREA | 2020-09-25 | [India’s Fertilizer Under Pressure \| World Fertilizer](https://feedsoft.ai/events/51053-india-s-fertilizer-under-pressure-world-fertilizer.md) | -4.3% | -4.0% |
| UREA | 2023-12-11 | [(2nd LD) S. Korea to extend tariff quota on urea, fertilizer material over China's export curbs \| Yonhap News Agency](https://feedsoft.ai/events/32638-2nd-ld-s-korea-to-extend-tariff-quota-on-urea-fertilizer-material-over-china-s.md) | -3.1% | -2.4% |
| UREA | 2024-11-01 | [Fertilizer subsidy payout declines in April-September  - The HinduBusinessLine](https://feedsoft.ai/events/5408-fertilizer-subsidy-payout-declines-in-april-september-the-hindubusinessline.md) | -4.7% | -5.0% |
| UREA | 2022-12-06 | [Fertilizer subsidy bill in FY23 seen at ₹2.3-2.5 lakh cr.; may drop  25% in FY24: FAI - The Hindu](https://feedsoft.ai/events/38551-fertilizer-subsidy-bill-in-fy23-seen-at-2-3-2-5-lakh-cr-may-drop-25-in-fy24-fai.md) | -0.8% | -8.9% |
| DAP | 2021-10-01 | [Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/4700-farmer-fertilizer-focus-phosphates.md) | +4.6% | +4.6% |
| DAP | 2022-04-01 | [Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/5509-farmer-fertilizer-focus-phosphates.md) | -1.6% | -9.3% |
| DAP | 2025-04-04 | [April '25 Aussie Farmer Fertilizer Focus - Phosphate](https://feedsoft.ai/events/25438-april-25-aussie-farmer-fertilizer-focus-phosphate.md) | 0.0% | +2.3% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/november-25-farmer-fertilizer-newsletter-phosphate/
- stonex.com: https://www.stonex.com/en/insights/november-25-farmer-fertilizer-newsletter-urea/

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