# Fertilizer Squeeze Pinches Farmers as India Caps Prices, Supplies Shrink

> India's phosphate price cap of $675 is freezing global valuations at historically high levels, with spot offers having reached $750 CFR before the cap. North American nitrogen supplies are extremely tight, with deliveries before June or July nearly unavailable.

- Date: 2025-05-01 · published 2025-05-01T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/25002-fertilizer-squeeze-pinches-farmers-as-india-caps-prices-supplies-shrink
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Tight nitrogen and phosphate supply plus Indian price controls keep fertilizer costs elevated for feed grain producers, supporting high input costs into the summer season.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2025-05-05 | 5 | +16.5% | 6.4 | North American nitrogen supply is extremely tight, with deliveries before June or July nearly unavailable, supporting spot price spikes. |
| UREA | 2025-04-30 | 1 | +11.5% | 14.0 | North American nitrogen supplies are extremely tight with near-term deliveries nearly unavailable, supporting a price spike. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2026-04-08 | [India raises fertiliser subsidy as US-Iran war lifts global prices \| Reuters](https://feedsoft.ai/events/9774-india-raises-fertiliser-subsidy-as-us-iran-war-lifts-global-prices-reuters.md) | +2.8% | +5.2% |
| DAP | 2021-10-20 | [Rice Prices Set to Rise as Fertilizer Rally Drives Up Farm Costs - Caixin Global](https://feedsoft.ai/events/44642-rice-prices-set-to-rise-as-fertilizer-rally-drives-up-farm-costs-caixin-global.md) | +0.0% | +4.3% |
| DAP | 2021-07-01 | [AgroPages-India's fertilizer ministry looks to boost DAP supplies-Agricultural news](https://feedsoft.ai/events/46378-agropages-india-s-fertilizer-ministry-looks-to-boost-dap-supplies-agricultural.md) | +0.1% | -0.4% |
| DAP | 2021-12-01 | [Fertilizer pricing - Ontario Grain Farmer](https://feedsoft.ai/events/43519-fertilizer-pricing-ontario-grain-farmer.md) | -0.2% | -2.6% |
| DAP | 2021-12-13 | [The Complex Truth About Fertilizer Prices - The Fertilizer Institute](https://feedsoft.ai/events/43506-the-complex-truth-about-fertilizer-prices-the-fertilizer-institute.md) | 0.0% | -2.8% |
| UREA | 2021-12-08 | [Farmers ask US Justice Department to investigate fertilizer price spikes \| Reuters](https://feedsoft.ai/events/43923-farmers-ask-us-justice-department-to-investigate-fertilizer-price-spikes-reuters.md) | +0.1% | -18.9% |
| UREA | 2026-04-08 | [India raises fertiliser subsidy as US-Iran war lifts global prices \| Reuters](https://feedsoft.ai/events/9774-india-raises-fertiliser-subsidy-as-us-iran-war-lifts-global-prices-reuters.md) | +1.6% | -12.0% |
| UREA | 2021-10-20 | [Rice Prices Set to Rise as Fertilizer Rally Drives Up Farm Costs - Caixin Global](https://feedsoft.ai/events/44642-rice-prices-set-to-rise-as-fertilizer-rally-drives-up-farm-costs-caixin-global.md) | -2.0% | +9.0% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/04-29-2025-fertilizer-squeeze-pinches-farmers-as-india-caps-prices/

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