# September '23 Farmer Fertilizer Focus - Phosphates

> StoneX analyst Josh Linville says he remains cautiously bearish on global phosphate prices despite a recent bounce. He expects Chinese exports returning and high Indian import levels could push prices back lower. North American markets are tight because the US is effectively blocking major exporters China, Russia and Morocco, and inventories are low.

- Date: 2023-08-24 · published 2023-08-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34891-september-23-farmer-fertilizer-focus-phosphates
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Expected returning Chinese supply and strong Indian imports point to lower global phosphate prices, although tight North American supply may limit the decline.

## Read by commodity

- DAP: bearish ▼

## Sources

- stonex.com: https://www.stonex.com/en/insights/september-23-farmer-fertilizer-focus-phosphates/

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