# Global fertilizer demand begins its recovery after a rocky two years | GPCA

> The International Fertilizer Association says fertilizer markets stabilized in 2023 and early 2024, with consumption recovering after two years of decline, especially for phosphate and potash. Shipping disruptions from the Red Sea and Panama Canal have been largely overcome, though risk and insurance costs remain.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/28225-global-fertilizer-demand-begins-its-recovery-after-a-rocky-two-years-gpca
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A demand recovery supports fertilizer prices, while lingering freight and insurance costs keep delivered prices elevated. Improved affordability eases pressure on farm input budgets.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- POTASH: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-03-17 | [Morocco phosphate sector remains stable as global fertilizer costs rise](https://feedsoft.ai/events/20476-morocco-phosphate-sector-remains-stable-as-global-fertilizer-costs-rise.md) | +3.3% | +19.6% |
| UREA | 2021-11-04 | [Nitrogen fertilizer shortage threatens to cut global crop yields -CF Industries \| Reuters](https://feedsoft.ai/events/44339-nitrogen-fertilizer-shortage-threatens-to-cut-global-crop-yields-cf-industries.md) | +5.0% | +2.1% |
| UREA | 2022-12-14 | [Nitrogen fertilizer prices at mercy of global issues \| The Western Producer](https://feedsoft.ai/events/38179-nitrogen-fertilizer-prices-at-mercy-of-global-issues-the-western-producer.md) | +0.6% | -12.4% |
| UREA | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | -18.1% | -19.0% |
| UREA | 2021-08-27 | [Supply Lines Latest: Global Inflation Is Coming for Fertilizer - Bloomberg](https://feedsoft.ai/events/6007-supply-lines-latest-global-inflation-is-coming-for-fertilizer-bloomberg.md) | +10.6% | +24.4% |
| DAP | 2026-03-17 | [Morocco phosphate sector remains stable as global fertilizer costs rise](https://feedsoft.ai/events/20476-morocco-phosphate-sector-remains-stable-as-global-fertilizer-costs-rise.md) | +1.4% | +14.3% |
| DAP | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | -7.9% | -10.0% |
| DAP | 2021-08-27 | [Supply Lines Latest: Global Inflation Is Coming for Fertilizer - Bloomberg](https://feedsoft.ai/events/6007-supply-lines-latest-global-inflation-is-coming-for-fertilizer-bloomberg.md) | +4.7% | +7.8% |

## Sources

- gpcachem.org: https://gpcachem.org/2024/09/27/global-fertilizer-demand-begins-its-recovery-after-a-rocky-two-years/

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