# October '24 Farmer Fertilizer Focus - Phosphate

> StoneX's Josh Linville expects global phosphate values to stay flat to higher for October 2024. China is behind on export rates while India needs to rebuild stockpiles, and farmers seeing unsubsidized replacement values may cut back.

- Date: 2024-09-24 · published 2024-09-24T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/28228-october-24-farmer-fertilizer-focus-phosphate
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Chinese export restraint combined with Indian restocking keeps phosphate prices firm, supporting DAP costs for feed and crop inputs.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-08-26 | [September '24 Farmer Fertilizer Focus - Phosphate](https://feedsoft.ai/events/28680-september-24-farmer-fertilizer-focus-phosphate.md) | +2.6% | +2.0% |
| DAP | 2021-11-01 | [Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/5552-farmer-fertilizer-focus-phosphates.md) | +7.8% | +10.0% |
| DAP | 2022-01-01 | [Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/43478-farmer-fertilizer-focus-phosphates.md) | -0.1% | -4.8% |
| DAP | 2022-07-03 | [Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/40811-farmer-fertilizer-focus-phosphates.md) | +4.0% | -0.7% |
| DAP | 2025-07-31 | [August '25 Farmer Fertilizer Newsletter - Phosphate](https://feedsoft.ai/events/4132-august-25-farmer-fertilizer-newsletter-phosphate.md) | +8.3% | +8.2% |

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/october-24-farmer-fertilizer-focus---potash-1524441/
- stonex.com: https://www.stonex.com/en-us/insights/october-24-farmer-fertilizer-focus---phosphate-1524434/

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