# India notified trend of average International prices of fertilisers upto Dec 2023 -

> India's Department of Fertilizers reported that average international fertilizer prices fell sharply in December 2023 compared with December 2022. Urea (FOB) dropped about 30% to $402/MT, DAP (CFR) about 18% to $595/MT, and MOP (CFR) about 46% to $319/MT.

- Date: 2024-01-28 · published 2024-01-28T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/32432-india-notified-trend-of-average-international-prices-of-fertilisers-upto-dec
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [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

The year-on-year declines show that fertilizer input costs have eased considerably from their 2022 peaks. Lower costs could support farm margins, though recent Red Sea freight pressures may slow further declines.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-12-18 | [India notified trend of average International prices of fertilisers upto Nov 2023 -](https://feedsoft.ai/events/33033-india-notified-trend-of-average-international-prices-of-fertilisers-upto-nov.md) | +1.6% | +2.4% |
| 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 | 2021-10-05 | [International Fertilizer Price September'21 Update -](https://feedsoft.ai/events/44881-international-fertilizer-price-september-21-update.md) | +6.2% | +11.5% |
| UREA | 2023-10-01 | [Global prices for fertilizers returned to 2021 levels in 2023 after surging in 2022 )](https://feedsoft.ai/events/34027-global-prices-for-fertilizers-returned-to-2021-levels-in-2023-after-surging-in.md) | 0.0% | -8.3% |
| UREA | 2023-04-08 | [Global Fertilizer Price Updates: March’ 2023 -](https://feedsoft.ai/events/5937-global-fertilizer-price-updates-march-2023.md) | +8.3% | +8.3% |
| DAP | 2023-12-18 | [India notified trend of average International prices of fertilisers upto Nov 2023 -](https://feedsoft.ai/events/33033-india-notified-trend-of-average-international-prices-of-fertilisers-upto-nov.md) | +0.9% | +3.9% |
| DAP | 2023-06-07 | [International Fertilizer Association confirmed no shortage of phosphorites expected - Fertilizer Daily](https://feedsoft.ai/events/35820-international-fertilizer-association-confirmed-no-shortage-of-phosphorites.md) | -1.7% | -2.1% |
| DAP | 2023-04-08 | [Global Fertilizer Price Updates: March’ 2023 -](https://feedsoft.ai/events/5937-global-fertilizer-price-updates-march-2023.md) | +9.5% | -3.4% |

## Sources

- fertiliserindia.com: https://fertiliserindia.com/india-notified-trend-of-average-international-prices-of-fertilisers-upto-dec-2023/

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