# Global Fertilizer Market Challenged by Russia’s Invasion of Ukraine | Economic Research Service

> A USDA Economic Research Service report says global fertilizer markets have been strained since Russia's 2022 invasion of Ukraine, with trade bans, quotas and duties affecting supply. It notes prices returned to pre-invasion levels after the April 2022 spike but remained above 2021 levels as of March 2023.

- Date: 2023-09-18 · published 2023-09-18T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/34017-global-fertilizer-market-challenged-by-russia-s-invasion-of-ukraine-economic
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Elevated fertilizer costs, which account for a large share of grain operating expenses, can shape planting decisions and feed grain supply over time, but the report is background analysis rather than new price-moving news.

## Read by commodity

- DAP: neutral
- UREA: neutral
- POTASH: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-11-14 | [Fertilizer market developments](https://feedsoft.ai/events/27318-fertilizer-market-developments.md) | -0.4% | +2.6% |
| UREA | 2023-11-06 | [Fertilizer market review: What will 2024 bring? \| Ag Proud](https://feedsoft.ai/events/33094-fertilizer-market-review-what-will-2024-bring-ag-proud.md) | -2.8% | -6.4% |
| UREA | 2025-01-24 | [CRU’s top fertilizer calls for 2025 - BC Insight](https://feedsoft.ai/events/26437-cru-s-top-fertilizer-calls-for-2025-bc-insight.md) | +1.5% | +12.7% |
| UREA | 2022-09-02 | [Recovering Farm Income Jeopardized by Record Operating Expenses and Harvest Uncertainty \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/39581-recovering-farm-income-jeopardized-by-record-operating-expenses-and-harvest.md) | -5.4% | -10.5% |
| DAP | 2025-11-18 | [1382. Recent Fertilizer Market Trends \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/21857-1382-recent-fertilizer-market-trends-japan-international-research-center-for.md) | -2.0% | -12.9% |
| DAP | 2023-12-07 | [Global Fertilizer Outlook - 2](https://feedsoft.ai/events/33032-global-fertilizer-outlook-2.md) | +0.9% | +3.9% |
| DAP | 2019-12-17 | [Swamped with Supply: Rabobank Releases Latest Global Fertilizer Outlook - AgriBusiness Global](https://feedsoft.ai/events/55520-swamped-with-supply-rabobank-releases-latest-global-fertilizer-outlook.md) | +4.0% | +4.8% |

## Sources

- ers.usda.gov: https://ers.usda.gov/amber-waves/2023/september/global-fertilizer-market-challenged-by-russia-s-invasion-of-ukraine

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