# Phosphate Demand Weakens While India Holds Back

> StoneX's Josh Linville said phosphate demand is slowing as farmers cut applications amid high costs and low grain prices. He said Chinese urea exports are pressuring global prices and that India's delayed final 2025 tender leaves the market uncertain.

- Date: 2025-09-30 · published 2025-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/23188-phosphate-demand-weakens-while-india-holds-back
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Weaker phosphate and urea demand, plus heavy Chinese export supply, point to lower fertilizer prices until buyers return. A delayed Indian tender could extend the downside.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/09-30-2026-phosphate-demand-weakens-while-india-holds-back/

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