# Commodities Outlook: Part Of The Supply Gap In 2023 Will Remain| FXMAG.COM

> An ING outlook says fertiliser supply fell in 2022 and prices hit record highs, which cut demand. Sanctions on Russian and Belarusian exports and Chinese export restrictions have shifted trade flows, and those shifts will continue into 2023. Lower fertiliser use is expected to weigh on crop yields.

- Date: 2022-12-03 · published 2022-12-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38564-commodities-outlook-part-of-the-supply-gap-in-2023-will-remain-fxmag-com
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Reduced fertiliser application threatens next season's yields, which supports grain and oilseed prices. Trade rerouting and sanctions keep nutrient supply uncertain, so the fertiliser price outlook stays volatile.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- POTASH: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-02-28 | [What the Iran attack means for oil, fertilizer and ag commodities - Pro Farmer](https://feedsoft.ai/events/20635-what-the-iran-attack-means-for-oil-fertilizer-and-ag-commodities-pro-farmer.md) | +25.5% | +36.4% |
| UREA | 2022-08-02 | [Mosaic, CF Industries expect global fertilizer supply to remain tight \| Financial Post](https://feedsoft.ai/events/40373-mosaic-cf-industries-expect-global-fertilizer-supply-to-remain-tight-financial.md) | 0.0% | +17.2% |
| UREA | 2022-09-28 | [How the war in Ukraine is affecting the world's supply of fertilizer : NPR](https://feedsoft.ai/events/39891-how-the-war-in-ukraine-is-affecting-the-world-s-supply-of-fertilizer-npr.md) | -5.3% | -9.1% |
| UREA | 2026-02-13 | [Fertilizer prices rise on supply chain issues](https://feedsoft.ai/events/20532-fertilizer-prices-rise-on-supply-chain-issues.md) | +0.1% | +31.0% |
| UREA | 2021-11-23 | [Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong -- LNG Recap](https://feedsoft.ai/events/44230-supply-outages-weather-forecasts-keep-global-natural-gas-prices-strong-lng-recap.md) | +6.3% | -0.2% |
| DAP | 2022-09-28 | [How the war in Ukraine is affecting the world's supply of fertilizer : NPR](https://feedsoft.ai/events/39891-how-the-war-in-ukraine-is-affecting-the-world-s-supply-of-fertilizer-npr.md) | -2.6% | -2.2% |
| DAP | 2026-02-13 | [Fertilizer prices rise on supply chain issues](https://feedsoft.ai/events/20532-fertilizer-prices-rise-on-supply-chain-issues.md) | -0.3% | +2.8% |
| DAP | 2025-07-29 | [Govt fertiliser subsidy outlay to increase amid supply disruptions by China and surge in international prices: Report - The Tribune](https://feedsoft.ai/events/4137-govt-fertiliser-subsidy-outlay-to-increase-amid-supply-disruptions-by-china-and.md) | +7.9% | +7.9% |

## Sources

- fxmag.com: https://fxmag.com/commodities/commodities-outlook-part-of-the-supply-gap-in-2023-will-remain

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