# US fertilizer market faces increasing scrutiny | Latest Market News

> US phosphate prices have reached their highest levels since 2022 as the effective closure of the Strait of Hormuz disrupts seaborne fertilizer flows. Elevated US phosphate exports in the first quarter, including Mosaic shipments of about 201,000 metric tons of DAP and MAP outside North America, have tightened domestic supply. Lawmakers and the president have raised concerns about fertilizer affordability.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/31535-us-fertilizer-market-faces-increasing-scrutiny-latest-market-news
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Strait disruption removes a large share of seaborne urea and phosphate supply, pushing global prices up and leaving US farmers with higher input costs. Continued re-exports could keep domestic phosphate and nitrogen prices firm through spring.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | -10.7% | -13.4% |
| DAP | 2026-05-05 | [ICIS reports on newest fertilizer market shifts \| World Fertilizer](https://feedsoft.ai/events/19578-icis-reports-on-newest-fertilizer-market-shifts-world-fertilizer.md) | 0.0% | +3.6% |
| DAP | 2023-02-20 | [World’s fertilizer market in turmoil](https://feedsoft.ai/events/37253-world-s-fertilizer-market-in-turmoil.md) | -5.5% | -1.0% |
| DAP | 2026-03-03 | [Fertilizer Markets Surge Following Escalation in the Middle East - RFD](https://feedsoft.ai/events/4435-fertilizer-markets-surge-following-escalation-in-the-middle-east-rfd.md) | +1.2% | +7.3% |
| DAP | 2024-03-25 | [Maaden, OCP sell MAP, TSP to Latam \| Latest Market News](https://feedsoft.ai/events/31531-maaden-ocp-sell-map-tsp-to-latam-latest-market-news.md) | -10.7% | -13.4% |
| UREA | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2024-03-25 | [Nola urea prices surge on US-Iran conflict \| Latest Market News](https://feedsoft.ai/events/31521-nola-urea-prices-surge-on-us-iran-conflict-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2023-02-20 | [World’s fertilizer market in turmoil](https://feedsoft.ai/events/37253-world-s-fertilizer-market-in-turmoil.md) | +1.8% | -3.8% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2813577-us-fertilizer-market-faces-increasing-scrutiny

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