# Better fert prices on the way: Rabobank

> Rabobank's semi-annual Fertiliser Outlook says most fertiliser prices are returning to historical averages, with urea already below historical levels. Further fertiliser price cuts are expected over the rest of 2023, especially for phosphates.

- Date: 2023-05-29 · published 2023-05-29T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/36250-better-fert-prices-on-the-way-rabobank
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Lower phosphate and urea costs improve feed-crop grower affordability and could support planting economics, but global fertiliser demand will take two to three years to recover to pre-pandemic levels.

## Read by commodity

- DAP: bearish ▼
- TSP: bearish ▼
- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2023-05-29 | 5 | -19.2% | -7.6 | Rabobank expects further price cuts especially for phosphates, reinforcing bearish sentiment, though it is a forward-looking outlook published at the end of the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-10-28 | [Semi-Annual Global Fertilizer Outlook - Rabobank](https://feedsoft.ai/events/22326-semi-annual-global-fertilizer-outlook-rabobank.md) | +5.1% | +1.1% |
| UREA | 2022-12-07 | [Rabobank: Fertilizer Markets May Start to Settle in 2023 - Northern Ag Network](https://feedsoft.ai/events/38533-rabobank-fertilizer-markets-may-start-to-settle-in-2023-northern-ag-network.md) | -3.6% | -12.4% |
| UREA | 2024-05-15 | [Retail Fertilizer Prices Mixed; More Are Lower Than Higher](https://feedsoft.ai/events/30186-retail-fertilizer-prices-mixed-more-are-lower-than-higher.md) | +0.2% | +2.3% |
| UREA | 2026-06-23 | [World Bank warns fertilizer prices could surge more than 30% in 2026 if Hormuz disruption persists — Fertilizer Daily](https://feedsoft.ai/events/6819-world-bank-warns-fertilizer-prices-could-surge-more-than-30-in-2026-if-hormuz.md) | -1.7% | -2.4% |
| 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% |
| DAP | 2020-01-15 | [Ample world fertiliser supplies keep prices in check: Rabobank - Grain Central](https://feedsoft.ai/events/55015-ample-world-fertiliser-supplies-keep-prices-in-check-rabobank-grain-central.md) | +1.3% | +11.3% |
| DAP | 2025-10-28 | [Semi-Annual Global Fertilizer Outlook - Rabobank](https://feedsoft.ai/events/22326-semi-annual-global-fertilizer-outlook-rabobank.md) | -3.9% | -6.1% |
| DAP | 2024-05-15 | [Retail Fertilizer Prices Mixed; More Are Lower Than Higher](https://feedsoft.ai/events/30186-retail-fertilizer-prices-mixed-more-are-lower-than-higher.md) | 0.0% | +1.6% |

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/better-fert-prices-on-the-way-rabobank/

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