# Fertilizer Market Report – June 7, 2023 - Genesis Fertilizers

> Genesis Fertilizers reports that Canpotex agreed a potash contract with China at US$307/mt CFR for shipments through December 2023, down from US$590/mt last year and below the US$422/mt India contract. North American urea and phosphate prices were mostly flat, with NOLA barge prices volatile across the week.

- Date: 2023-06-07 · published 2023-06-07T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/35811-fertilizer-market-report-june-7-2023-genesis-fertilizers
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

A sharply lower China potash benchmark signals weaker global potash pricing, which lowers input costs for feed producers' crop inputs and points to bearish fertilizer sentiment that could weigh on corn and soy input economics.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-10-21 | [Fertilizer markets and the Rand generally stable this week.](https://feedsoft.ai/events/39463-fertilizer-markets-and-the-rand-generally-stable-this-week.md) | -2.5% | -13.0% |
| UREA | 2024-06-25 | [Export Situation of Major Fertilizers in China in May.](https://feedsoft.ai/events/30106-export-situation-of-major-fertilizers-in-china-in-may.md) | -2.6% | -1.0% |
| UREA | 2023-06-29 | [Fertiliser market developments after disruption of 2022 - Farmers Weekly](https://feedsoft.ai/events/35425-fertiliser-market-developments-after-disruption-of-2022-farmers-weekly.md) | -0.8% | +10.5% |
| UREA | 2026-01-15 | [AgroPages-Brazil's fertilizer imports hits record in 2025 as lower-grade products gain market share-Agricultural news](https://feedsoft.ai/events/21381-agropages-brazil-s-fertilizer-imports-hits-record-in-2025-as-lower-grade.md) | +1.0% | +14.0% |
| UREA | 2023-04-28 | [US boost to fertilizer markets nears an end, demand outlook remains a concern amidst negative economic drivers.](https://feedsoft.ai/events/6332-us-boost-to-fertilizer-markets-nears-an-end-demand-outlook-remains-a-concern.md) | -0.7% | +2.8% |
| DAP | 2024-06-25 | [Export Situation of Major Fertilizers in China in May.](https://feedsoft.ai/events/30106-export-situation-of-major-fertilizers-in-china-in-may.md) | +1.2% | +0.4% |
| DAP | 2020-06-18 | [Ukraine remains dependent from import of complex fertilizers - Fertilizer Daily](https://feedsoft.ai/events/52946-ukraine-remains-dependent-from-import-of-complex-fertilizers-fertilizer-daily.md) | +2.1% | +11.4% |
| DAP | 2020-08-11 | [OCP welcomes growing support for its U.S. fertilizer imports \| OCP GROUP](https://feedsoft.ai/events/51938-ocp-welcomes-growing-support-for-its-u-s-fertilizer-imports-ocp-group.md) | +3.4% | +11.1% |

## Sources

- genesisfertilizers.com: https://genesisfertilizers.com/2023/06/07/fertilizer-market-report-june-7-2023/

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