# Global prices for fertilizers returned to 2021 levels in 2023 after surging in 2022 )

> A USDA Economic Research Service piece states that global fertilizer prices returned to 2021 levels in 2023 after surging in 2022. It recaps that Russia's invasion of Ukraine drove prices up almost 50% from February to April 2022.

- Date: 2023-10-01 · published 2023-10-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/34027-global-prices-for-fertilizers-returned-to-2021-levels-in-2023-after-surging-in
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Fertilizer prices that have normalized reduce cost pressure on grain and feed production, a mildly bearish factor for feed input costs.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| UREA | 2020-07-03 | [Global fertilizer prices expected to remain low over second half of 2020 - RealAgriculture](https://feedsoft.ai/events/52429-global-fertilizer-prices-expected-to-remain-low-over-second-half-of-2020.md) | +2.2% | +10.3% |
| UREA | 2022-11-30 | [Report: After Two Turbulent Years, Fertilizer Markets May Start to Settle in 2023 - AgriBusiness Global](https://feedsoft.ai/events/7855-report-after-two-turbulent-years-fertilizer-markets-may-start-to-settle-in-2023.md) | +3.8% | -0.5% |
| 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 | 2023-01-26 | [AgriMarketing.com - DTN Reports Fertilizer Prices Have Fallen To Their Lowest Level In 15 Months](https://feedsoft.ai/events/5868-agrimarketing-com-dtn-reports-fertilizer-prices-have-fallen-to-their-lowest.md) | -15.2% | -20.7% |

## Sources

- ers.usda.gov: http://www.ers.usda.gov/data-products/chart-gallery/107374

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