# Fertilizer affordability starts to improve after two turbulent years

> A Rabobank report finds fertilizer affordability is improving after two turbulent years of record-high prices in 2022. Consumption may recover rapidly in some regions in 2023, though global demand may take two to three years to fully return to pre-pandemic levels.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/4370-fertilizer-affordability-starts-to-improve-after-two-turbulent-years
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Improving affordability and a demand recovery could support fertilizer volumes and firm up input markets, which tends to lift the cost base for crop producers.

## Read by commodity

- DAP: bearish ▼
- CORN: neutral
- UREA: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-05-18 | [France’s cereal crop conditions stabilize after April drought](https://feedsoft.ai/events/19183-france-s-cereal-crop-conditions-stabilize-after-april-drought.md) | +0.4% | -4.2% |
| WHEAT | 2022-01-18 | [La Niña and Fertilizer Crisis Still Concerning for Grains \| CZ app](https://feedsoft.ai/events/43038-la-nina-and-fertilizer-crisis-still-concerning-for-grains-cz-app.md) | +2.2% | -0.4% |
| WHEAT | 2026-06-16 | [India's rice stocks climb to record high; wheat inventories at five-year peak \| Reuters](https://feedsoft.ai/events/18737-india-s-rice-stocks-climb-to-record-high-wheat-inventories-at-five-year-peak.md) | -0.9% | -0.7% |
| WHEAT | 2017-04-20 | [Importer Ending Stocks Shrink to 6-Year Low - U.S. Wheat Associates](https://feedsoft.ai/events/71554-importer-ending-stocks-shrink-to-6-year-low-u-s-wheat-associates.md) | +1.3% | +0.1% |
| WHEAT | 2021-02-15 | [Winter harvest near record, summer crop on the improve: ABARES - Grain Central](https://feedsoft.ai/events/48595-winter-harvest-near-record-summer-crop-on-the-improve-abares-grain-central.md) | +9.4% | +9.0% |
| CORN | 2017-10-30 | [How Fertilizer Affordability Moved Last Week](https://feedsoft.ai/events/68754-how-fertilizer-affordability-moved-last-week.md) | -0.3% | -5.5% |
| CORN | 2022-07-26 | [Fertilizer prices sharply higher year over year :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)](https://feedsoft.ai/events/5035-fertilizer-prices-sharply-higher-year-over-year-content-tap-oan-hoa-chat-viet.md) | +6.6% | +4.6% |
| CORN | 2020-08-20 | [1H results show ferts producers are yet to feel the impact from COVID-19](https://feedsoft.ai/events/51922-1h-results-show-ferts-producers-are-yet-to-feel-the-impact-from-covid-19.md) | +2.7% | +10.2% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/fertilizer-affordability-starts-to-improve-after-two-turbulent-years
- floraldaily.com: https://www.floraldaily.com/article/9532401/fertilizer-affordability-starts-to-improve-after-two-turbulent-years/
- hortidaily.com: https://www.hortidaily.com/article/9532401/fertilizer-affordability-starts-to-improve-after-two-turbulent-years/

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