# Mosaic sees strong global fertilizer demand, restrained supply in 2024 | Agri-Pulse Communications, Inc.

> Mosaic's CEO said strong global demand and limited phosphate and potash supplies will strengthen fertilizer prices in 2024. He forecast global phosphate shipments up to 76 million tons and potash shipments up to 72 million tons. Brazil's fertilizer inventories are low and must be replenished ahead of the safrinha corn crop.

- Date: 2023-11-08 · published 2023-11-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/33091-mosaic-sees-strong-global-fertilizer-demand-restrained-supply-in-2024-agri
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected tight phosphate and potash supply and restocking in Brazil point to higher fertilizer costs into 2024, which can lift grain production costs and support corn prices.

## Read by commodity

- DAP: bullish ▲
- CORN: bullish ▲
- POTASH: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-08-01 | [Mosaic sees fertilizer demand supported by tight crop supplies into 2023](https://feedsoft.ai/events/39977-mosaic-sees-fertilizer-demand-supported-by-tight-crop-supplies-into-2023.md) | -1.0% | -3.3% |
| DAP | 2025-07-09 | [Fertilizer prices gain momentum amid strong demand and geopolitical tensions](https://feedsoft.ai/events/5406-fertilizer-prices-gain-momentum-amid-strong-demand-and-geopolitical-tensions.md) | +2.9% | +10.9% |
| DAP | 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) | +0.2% | -11.9% |
| DAP | 2022-07-05 | [Impacts and Repercussions of Price Increases on the Global Fertilizer Market](https://feedsoft.ai/events/40415-impacts-and-repercussions-of-price-increases-on-the-global-fertilizer-market.md) | +4.0% | -0.7% |
| DAP | 2022-06-30 | [Impacts and Repercussions of Price Increases on the Global Fertilizer Market \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/40878-impacts-and-repercussions-of-price-increases-on-the-global-fertilizer-market.md) | -0.0% | -0.1% |
| CORN | 2026-04-09 | [USDA raises price estimates for several commodities \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/19801-usda-raises-price-estimates-for-several-commodities-agri-pulse-communications.md) | +0.9% | +1.5% |
| CORN | 2021-02-05 | [US sets new record for ag exports to China in 2020 \| 2021-02-05  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48476-us-sets-new-record-for-ag-exports-to-china-in-2020-2021-02-05-agri-pulse.md) | -2.2% | -4.1% |
| CORN | 2023-12-08 | [USDA trims forecast for soybean, wheat supplies \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/32633-usda-trims-forecast-for-soybean-wheat-supplies-agri-pulse-communications-inc.md) | -2.7% | -0.3% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/20244-mosaic-sees-strong-global-fertilizer-demand-restrained-supply-in-2024

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