# Rabobank: Fertilizer Affordability Index Could Shift Negative Later in 2024

> Rabobank's semiannual fertilizer outlook says the fertilizer affordability index is neutral for nitrogen and phosphorus and could drift negative later in 2024 as supply issues persist. Potash may see downward price movement, and Egyptian urea output halted in June over gas supply problems, lifting urea 17% in one month.

- Date: 2024-09-12 · published 2024-09-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/28638-rabobank-fertilizer-affordability-index-could-shift-negative-later-in-2024
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Tighter nitrogen and phosphorus supply and weaker affordability could squeeze farm margins and feed-crop profitability in late 2024.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-04-28 | [RaboResearch’s 2025 Global Fertilizer Outlook: Prices Up, Affordability Down](https://feedsoft.ai/events/25031-raboresearch-s-2025-global-fertilizer-outlook-prices-up-affordability-down.md) | +13.4% | +10.6% |
| UREA | 2024-12-23 | [Fertilizer prices stabilize in 2024, but uncertainty continues \| Ag Proud](https://feedsoft.ai/events/26887-fertilizer-prices-stabilize-in-2024-but-uncertainty-continues-ag-proud.md) | +4.4% | +9.4% |
| UREA | 2026-04-07 | [Semi-Annual Global Fertilizer Outlook - Rabobank](https://feedsoft.ai/events/20027-semi-annual-global-fertilizer-outlook-rabobank.md) | 0.0% | -10.4% |
| UREA | 2025-05-14 | [Global fertilizer prices climb 11% in early 2025: World Bank  ...](https://feedsoft.ai/events/25007-global-fertilizer-prices-climb-11-in-early-2025-world-bank.md) | -2.9% | -25.4% |
| UREA | 2020-12-10 | [Rabobank provides semi-annual global fertilizer outlook \| World Fertilizer](https://feedsoft.ai/events/49586-rabobank-provides-semi-annual-global-fertilizer-outlook-world-fertilizer.md) | -0.4% | +13.4% |
| DAP | 2025-04-28 | [RaboResearch’s 2025 Global Fertilizer Outlook: Prices Up, Affordability Down](https://feedsoft.ai/events/25031-raboresearch-s-2025-global-fertilizer-outlook-prices-up-affordability-down.md) | 0.0% | +3.5% |
| DAP | 2024-12-23 | [Fertilizer prices stabilize in 2024, but uncertainty continues \| Ag Proud](https://feedsoft.ai/events/26887-fertilizer-prices-stabilize-in-2024-but-uncertainty-continues-ag-proud.md) | 0.0% | +1.5% |
| DAP | 2026-04-07 | [Semi-Annual Global Fertilizer Outlook - Rabobank](https://feedsoft.ai/events/20027-semi-annual-global-fertilizer-outlook-rabobank.md) | +0.7% | +5.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/news/crops/article/2024/09/12/rabobank-fertilizer-affordability

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