# March '24 Farmer Fertilizer Focus - Phosphate

> StoneX's March 2024 phosphate outlook says global phosphate values are likely flat near term but could soften within about 60 days as demand dries up seasonally. It also cites signs that China is returning as a normal exporter. North American phosphate prices are expected to fall, though likely after spring application season.

- Date: 2024-02-28 · published 2024-02-28T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4295-march-24-farmer-fertilizer-focus-phosphate
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Resumed Chinese phosphate exports add supply to the global market just as seasonal demand fades, which points to lower DAP prices and weaker feed-phosphate costs ahead.

## Read by commodity

- DAP: bearish ▼
- UREA: bullish ▲
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-12-26 | [January '24 Farmer Fertilizer Focus - Urea](https://feedsoft.ai/events/32634-january-24-farmer-fertilizer-focus-urea.md) | -1.6% | +0.2% |
| UREA | 2025-02-03 | [February '25 Aussie Farmer Fertilizer Newsletter - Urea](https://feedsoft.ai/events/4642-february-25-aussie-farmer-fertilizer-newsletter-urea.md) | +10.5% | +9.8% |
| UREA | 2020-08-24 | [Fertiliser Focus – 24th August 2020 - COFCO](https://feedsoft.ai/events/51921-fertiliser-focus-24th-august-2020-cofco.md) | -2.7% | -5.4% |
| UREA | 2025-04-16 | [Will Sky-High Phosphate Prices Spell Disaster for Farmers?](https://feedsoft.ai/events/25436-will-sky-high-phosphate-prices-spell-disaster-for-farmers.md) | +1.4% | +18.5% |
| UREA | 2025-04-28 | [Fertilizer Prices Surge as Spring Imports Drive Urea, Phosphate, Potash \| CZ app](https://feedsoft.ai/events/4274-fertilizer-prices-surge-as-spring-imports-drive-urea-phosphate-potash-cz-app.md) | +13.4% | +10.6% |
| DAP | 2023-04-27 | [May '23 Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/6330-may-23-farmer-fertilizer-focus-phosphates.md) | -11.9% | -11.1% |
| DAP | 2024-04-01 | [April '24 Aussie Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/4549-april-24-aussie-farmer-fertilizer-focus-phosphates.md) | -12.6% | -23.4% |
| DAP | 2023-10-27 | [US lawmakers call for lower duties on imports of phosphate fertilizer from Morocco - Fertilizer Daily](https://feedsoft.ai/events/33970-us-lawmakers-call-for-lower-duties-on-imports-of-phosphate-fertilizer-from.md) | +0.9% | +3.9% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/march-24-farmer-fertilizer-focus---phosphate-1482125/
- stonex.com: https://www.stonex.com/en/insights/march-24-farmer-fertilizer-focus---potash-1481859/
- stonex.com: https://www.stonex.com/en/insights/march-24-farmer-fertilizer-focus---uan-1482600/

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