# Fertilizer market review: What will 2024 bring? | Ag Proud

> A University of Idaho review finds fertilizer costs rose sharply in 2020-22 and have eased toward pre-pandemic levels in 2023. The U.S. imports 12% of its nitrogen, 9% of its phosphate and 93% of its potash. The article looks ahead to 2024 fertilizer conditions.

- Date: 2023-11-06 · published 2023-11-06T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/33094-fertilizer-market-review-what-will-2024-bring-ag-proud
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Lower fertilizer costs in 2023 improve grain producer margins, but reliance on imported potash and phosphate leaves the outlook exposed to global supply shifts.

## Read by commodity

- UREA: neutral
- POTASH: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-11-14 | [Fertilizer market developments](https://feedsoft.ai/events/27318-fertilizer-market-developments.md) | -0.4% | +2.6% |
| UREA | 2023-06-16 | [Global fertilizer market remains unstable \| World Grain](https://feedsoft.ai/events/35419-global-fertilizer-market-remains-unstable-world-grain.md) | +3.3% | +6.7% |
| UREA | 2020-06-15 | [CRU Fertilizers Top 10 calls for 2020 Mid-year review - CRU Group](https://feedsoft.ai/events/52543-cru-fertilizers-top-10-calls-for-2020-mid-year-review-cru-group.md) | +0.8% | +8.1% |
| UREA | 2023-01-06 | [2023 fertilizer outlook provided – Wyoming Livestock Roundup](https://feedsoft.ai/events/10451-2023-fertilizer-outlook-provided-wyoming-livestock-roundup.md) | -3.6% | -17.8% |
| UREA | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | -5.7% | -9.1% |

## Sources

- agproud.com: https://www.agproud.com/articles/58574-fertilizer-market-review-what-will-2024-bring

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