# International Fertilizer Association confirmed no shortage of phosphorites expected - Fertilizer Daily

> Argus, commissioned by the International Fertilizer Association, estimated global phosphate rock resources and reserves. The study found no global shortage, with sufficient deposits for about 350 years at projected use with current technology.

- Date: 2023-06-07 · published 2023-06-07T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/35820-international-fertilizer-association-confirmed-no-shortage-of-phosphorites
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Long reserve life limits scarcity premiums on phosphate rock and DAP, reducing the case for structural price strength in phosphate fertilizer that feeds into feed-grain production costs.

## Read by commodity

- DAP: bearish ▼
- PHOSROCK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-01-28 | [India notified trend of average International prices of fertilisers upto Dec 2023 -](https://feedsoft.ai/events/32432-india-notified-trend-of-average-international-prices-of-fertilisers-upto-dec.md) | -1.7% | -1.3% |
| DAP | 2023-12-18 | [India notified trend of average International prices of fertilisers upto Nov 2023 -](https://feedsoft.ai/events/33033-india-notified-trend-of-average-international-prices-of-fertilisers-upto-nov.md) | +0.9% | +3.9% |
| DAP | 2022-09-09 | [Brazil, US can expect a 'healthier supply' of fertilizers](https://feedsoft.ai/events/39900-brazil-us-can-expect-a-healthier-supply-of-fertilizers.md) | 0.0% | -3.6% |
| DAP | 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) | +3.3% | +12.5% |
| DAP | 2023-04-13 | [Latest Data Shows Drop in Fertilizer Prices - MiningNewsWire](https://feedsoft.ai/events/5939-latest-data-shows-drop-in-fertilizer-prices-miningnewswire.md) | +1.6% | -9.7% |

## Sources

- fertilizerdaily.com: https://www.fertilizerdaily.com/20230607-international-fertilizer-association-confirmed-no-shortage-of-phosphorites-expected/

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