# Market Trends: 5% Rise in Fertilizer Use Worldwide in 2024 – Potato Business

> Rabobank's preliminary estimate projects nearly a 5% rise in global fertilizer use in 2024, with nitrogen applications up 4% and potash use strengthening. Its Affordability Index shows better conditions for buying fertilizer than a year earlier.

- Date: 2024-02-12 · published 2024-02-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32013-market-trends-5-rise-in-fertilizer-use-worldwide-in-2024-potato-business
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Stronger fertilizer demand and improved affordability support nitrogen and potash prices, which feed through to grain production costs.

## Read by commodity

- UREA: bullish ▲
- POTASH: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-12-23 | [Fertilizer prices to rise moderately in 2021](https://feedsoft.ai/events/49583-fertilizer-prices-to-rise-moderately-in-2021.md) | +3.0% | +21.5% |
| UREA | 2025-11-05 | [Global fertilizer prices to surge by 21% in 2025, World Bank warns \| AgriTech Middle East & Africa - Trends in I ...](https://feedsoft.ai/events/6231-global-fertilizer-prices-to-surge-by-21-in-2025-world-bank-warns-agritech.md) | -2.3% | -10.7% |
| UREA | 2026-10-28 | [WORLD BANK SAYS FERTILIZER PRICES SET TO RISE 14% IN 2026 DUE TO SURGE IN UREA PRICES, RETURNING TO 2025 LEVELS IN 2027 - CGTN](https://feedsoft.ai/events/297-world-bank-says-fertilizer-prices-set-to-rise-14-in-2026-due-to-surge-in-urea.md) | -1.3% | — |
| UREA | 2025-08-20 | [World Bank Projects Higher Fertilizer Prices Into 2026 -](https://feedsoft.ai/events/23634-world-bank-projects-higher-fertilizer-prices-into-2026.md) | -0.8% | -8.5% |
| UREA | 2025-11-05 | [Global fertilizer prices expected to rise 21% in 2025 - Ecofin Agency](https://feedsoft.ai/events/6229-global-fertilizer-prices-expected-to-rise-21-in-2025-ecofin-agency.md) | -2.3% | -10.7% |

## Sources

- potatobusiness.com: https://www.potatobusiness.com/pb-special-feature/market-trends-5-rise-in-fertilizer-use-worldwide-in-2024/

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