# September '24 Farmer Fertilizer Focus - Phosphate

> StoneX analyst Josh Linville says phosphate values should fall given weak farm economics, but China's continued export restrictions and India's need to rebuild stockpiles keep prices supported. He sees more upside than downside risk for phosphate globally.

- Date: 2024-08-26 · published 2024-08-26T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/28680-september-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

Continued Chinese export curbs and Indian buying point to firm DAP and phosphate prices, which raises fertilizer costs for grain and oilseed growers.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲
- POTASH: neutral
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-09-24 | [October '24 Farmer Fertilizer Focus - Phosphate](https://feedsoft.ai/events/28228-october-24-farmer-fertilizer-focus-phosphate.md) | -0.5% | +0.8% |
| 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/insights/september-24-farmer-fertilizer-focus---phosphate-1518468/
- stonex.com: https://www.stonex.com/en/insights/september-24-farmer-fertilizer-focus---potash-1518476/

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