# Phosphates and potash price to be significantly lower in 2024 | Farm Weekly | WA

> Rabobank data show international urea prices fell 15%, DAP 35% and potash 39% since January 2023. CBH Group expects 2024 phosphate and potash prices to be significantly lower, with urea possibly bottoming out in the coming months.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34503-phosphates-and-potash-price-to-be-significantly-lower-in-2024-farm-weekly-wa
- 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

Expectations of lower phosphate and potash prices in 2024 point to easing fertilizer input costs for feed-grain producers, though near-term urea may firm.

## Read by commodity

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

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/8300435/fertiliser-prices-look-set-to-cool-in-2024/

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