# Global fertilizer trade 2021-2023: What happened after war-related price spikes

> A May 2024 IFPRI analysis reviews how global fertilizer trade adjusted from 2021 to 2023 after the Russia-Ukraine war price spikes. Russia and Belarus supplied about 40% of global potash trade in 2020, and Russia has increased exports of most fertilizer types except anhydrous ammonia.

- Date: 2024-05-13 · published 2024-05-13T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/30590-global-fertilizer-trade-2021-2023-what-happened-after-war-related-price-spikes
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Shifting trade routes and Russian export growth have eased fertilizer supply tightness, which tends to weigh on fertilizer prices and lower feed-production input costs over time.

## Read by commodity

- UREA: bearish ▼
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-08-05 | [Fertilizer prices stabilise after boom](https://feedsoft.ai/events/45871-fertilizer-prices-stabilise-after-boom.md) | +1.4% | +8.5% |
| UREA | 2025-09-01 | [India’s Urea Tender on 2 September to Shape Global Fertilizer Prices -](https://feedsoft.ai/events/6879-india-s-urea-tender-on-2-september-to-shape-global-fertilizer-prices.md) | -7.0% | -8.8% |
| UREA | 2022-05-26 | [Bangladesh purchases LNG, fertiliser at lower rates as prices fall in global market \| The Business Standard](https://feedsoft.ai/events/41693-bangladesh-purchases-lng-fertiliser-at-lower-rates-as-prices-fall-in-global.md) | -17.1% | -21.4% |
| UREA | 2024-04-29 | [Urea prices test 2023 lows as China weighs up return to global market](https://feedsoft.ai/events/9420-urea-prices-test-2023-lows-as-china-weighs-up-return-to-global-market.md) | -7.7% | -6.1% |
| UREA | 2026-10-11 | [India’s Latest Urea Tender Signals Relief on Global Fertiliser Costs](https://feedsoft.ai/events/17353-india-s-latest-urea-tender-signals-relief-on-global-fertiliser-costs.md) | +2.6% | — |

## Sources

- southasia.ifpri.info: https://southasia.ifpri.info/2024/05/13/global-fertilizer-trade-2021-2023-what-happened-after-war-related-price-spikes/

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