# US seasonal bubble bursts, sending phosphate prices crashing.

> Phosphate prices fell sharply in South Africa's weekly cost data, with phosphate cost per kilogram of nutrient down 9.8% week on week. Urea prices were flat to firmer, though analysts expected downward pressure after an upcoming Indian tender and Chinese export increases.

- Date: 2023-05-06 · published 2023-05-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36264-us-seasonal-bubble-bursts-sending-phosphate-prices-crashing
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Falling phosphate and urea prices after the US seasonal peak reduce input costs, while the expected Indian tender and Chinese exports point to further softness in nitrogen.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/9369-us-seasonal-bubble-bursts-sending-phosphate-prices-crashing

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