# Global fertilizer affordability near three-year low | Latest Market News

> Argus data show global fertilizer affordability fell to 0.75 points in June, its lowest since September 2022, as fertilizer prices rose while crop values dipped to their lowest since September 2020. Phosphate prices rose to their highest since September 2022 on Indian demand and limited Chinese DAP supply. Potash (MOP) prices reached a two-year high on geopolitical uncertainty and strong Southeast Asian demand.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31145-global-fertilizer-affordability-near-three-year-low-latest-market-news
- 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

Poor affordability can curb fertilizer application and future crop yields, while firm DAP and potash prices raise input costs for grain and oilseed growers. Weak crop values combined with high inputs squeeze farm margins and feed demand.

## Read by commodity

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

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2706043-global-fertilizer-affordability-near-three-year-low
- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2755898-global-fertilizer-affordability-recovers-some-ground

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