# Fertilizer prices edge lower amid lower input costs and improved production prospects

> The World Bank's fertilizer price index held steady in Q2 2024 after a 20% drop in Q1 and sits 24% below a year earlier. Phosphate rock fell 56% and potash 17% on improved production prospects and lower input costs.

- Date: 2024-07-08 · published 2024-07-08T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/29612-fertilizer-prices-edge-lower-amid-lower-input-costs-and-improved-production
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Broadly lower fertilizer costs support farm margins and could ease feed-grain production costs, though China export restrictions and Belarus sanctions keep prices above pre-2020 levels.

## Read by commodity

- UREA: bearish ▼
- POTASH: bearish ▼
- PHOSROCK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-01-15 | [Fertilizer prices stabilize amid lower input costs and trade shifts](https://feedsoft.ai/events/26436-fertilizer-prices-stabilize-amid-lower-input-costs-and-trade-shifts.md) | +0.9% | +14.3% |
| UREA | 2023-07-30 | [India’s Fertilizer Report Card for Q1FY’23-24: Record Production, Imports, and Sales -](https://feedsoft.ai/events/5886-india-s-fertilizer-report-card-for-q1fy-23-24-record-production-imports-and.md) | -5.9% | -10.4% |
| UREA | 2024-05-15 | [Retail Fertilizer Prices Mixed; More Are Lower Than Higher](https://feedsoft.ai/events/30186-retail-fertilizer-prices-mixed-more-are-lower-than-higher.md) | +0.2% | +2.3% |
| UREA | 2023-12-17 | [International Fertilizer Price Report: Nov 2023 Updates and Analysis -](https://feedsoft.ai/events/33042-international-fertilizer-price-report-nov-2023-updates-and-analysis.md) | +1.6% | +2.4% |
| UREA | 2020-07-03 | [Global fertilizer prices expected to remain low over second half of 2020 - RealAgriculture](https://feedsoft.ai/events/52429-global-fertilizer-prices-expected-to-remain-low-over-second-half-of-2020.md) | +2.2% | +10.3% |

## Sources

- blogs.worldbank.org: https://blogs.worldbank.org/en/opendata/fertilizer-prices-edge-lower-amid-lower-input-costs-and-improved

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