# Rice Prices Set to Rise as Fertilizer Rally Drives Up Farm Costs - Caixin Global

> Thai farmers report fertilizer costs on track to double from 2020, with urea, phosphate and potash prices at 16,000 baht per tonne. China is stepping up inspections of fertilizer exports after a customs notice dated October 11, which adds to supply concerns for Thailand, a major importer of Chinese fertilizer.

- Date: 2021-10-20 · published 2021-10-20T12:00:00.000Z
- Category: policy · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/44642-rice-prices-set-to-rise-as-fertilizer-rally-drives-up-farm-costs-caixin-global
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Higher fertilizer costs and Chinese export curbs raise planting costs for rice and could cut the next crop. This supports rice prices and keeps fertilizer prices elevated.

## Read by commodity

- DAP: bullish ▲
- RICE: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-01-29 | [Export rules by some countries force rise in global crop prices \| AGDAILY](https://feedsoft.ai/events/49099-export-rules-by-some-countries-force-rise-in-global-crop-prices-agdaily.md) | -2.7% | -4.8% |
| RICE | 2018-07-11 | [Centre raises buying price, rice exports set to fall from October](https://feedsoft.ai/events/63990-centre-raises-buying-price-rice-exports-set-to-fall-from-october.md) | +1.7% | -7.6% |
| RICE | 2023-12-27 | [Global rice prices up 7% in a month on high demand, low supplies - The HinduBusinessLine](https://feedsoft.ai/events/32789-global-rice-prices-up-7-in-a-month-on-high-demand-low-supplies-the.md) | -2.4% | +3.7% |
| RICE | 2023-07-25 | [India’s new ban on rice exports: Potential threats to global supply, prices, and food security \| IFPRI](https://feedsoft.ai/events/34967-india-s-new-ban-on-rice-exports-potential-threats-to-global-supply-prices-and.md) | -4.5% | -4.2% |
| RICE | 2024-07-01 | [PHL tariff cuts could pressure global rice supply, prices — BMI - BusinessWorld Online](https://feedsoft.ai/events/29326-phl-tariff-cuts-could-pressure-global-rice-supply-prices-bmi-businessworld.md) | +0.6% | -10.3% |
| UREA | 2025-11-04 | [China’s export controls drive up global fertilizer prices - DatamarNews](https://feedsoft.ai/events/21859-china-s-export-controls-drive-up-global-fertilizer-prices-datamarnews.md) | -2.3% | -10.6% |
| UREA | 2026-02-03 | [Global dynamics continue to shape fertiliser prices](https://feedsoft.ai/events/5722-global-dynamics-continue-to-shape-fertiliser-prices.md) | +3.3% | +33.9% |
| UREA | 2026-03-16 | [China Reins in Fertilizer Exports as War Pushes Up Global Prices - Bloomberg](https://feedsoft.ai/events/20096-china-reins-in-fertilizer-exports-as-war-pushes-up-global-prices-bloomberg.md) | +3.2% | +17.0% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2021-10-20/rice-prices-set-to-rise-as-fertilizer-rally-drives-up-farm-costs-101789053.html

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