# Fertiliser Security for Food Security in Southeast Asia: Going Local and Circular | FULCRUM

> Southeast Asia depends heavily on imported synthetic fertilizers, with Philippines, Myanmar and Thailand importing over 80% of supply in 2020. Russia and Belarus supply about 40% of global potash exports, and Indonesia, Vietnam, Brunei and Malaysia were most exposed to the war. Thailand approved a $1.8 billion potash mine reopening and Indonesia reopened a fertilizer plant.

- Date: 2023-04-14 · published 2023-04-14T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/36333-fertiliser-security-for-food-security-in-southeast-asia-going-local-and
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

New domestic potash and fertilizer capacity in Southeast Asia could gradually ease regional import demand, a modestly bearish factor for potash over time. Dependence on Russian supply keeps regional cost risk elevated.

## Read by commodity

- UREA: neutral
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-04-18 | [Why stabilising the fertiliser market matters for Europe’s food industry](https://feedsoft.ai/events/36741-why-stabilising-the-fertiliser-market-matters-for-europe-s-food-industry.md) | +1.5% | +6.3% |
| UREA | 2023-02-10 | [Ensuring fertilisers are available and affordable in the EU \| Epthinktank \| European Parliament](https://feedsoft.ai/events/37254-ensuring-fertilisers-are-available-and-affordable-in-the-eu-epthinktank.md) | +1.6% | -2.7% |
| UREA | 2021-02-01 | [Significant increase in fertiliser subsidy as Budget sidesteps reform](https://feedsoft.ai/events/12942-significant-increase-in-fertiliser-subsidy-as-budget-sidesteps-reform.md) | -4.3% | +0.7% |
| UREA | 2024-04-28 | [Uncertainty Brings Fertiliser Markets to Near Halt \| CZ app](https://feedsoft.ai/events/5020-uncertainty-brings-fertiliser-markets-to-near-halt-cz-app.md) | -7.7% | -6.1% |
| UREA | 2022-12-06 | [Fertilizer subsidy bill in FY23 seen at ₹2.3-2.5 lakh cr.; may drop  25% in FY24: FAI - The Hindu](https://feedsoft.ai/events/38551-fertilizer-subsidy-bill-in-fy23-seen-at-2-3-2-5-lakh-cr-may-drop-25-in-fy24-fai.md) | -0.8% | -8.9% |

## Sources

- fulcrum.sg: https://fulcrum.sg/fertiliser-security-for-food-security-in-southeast-asia-going-local-and-circular/

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