# September '24 Aussie Farmer Fertilizer Focus - Phosphates

> StoneX analysts expect phosphate prices to face downward pressure from weak farm economics, but China's continued export restrictions and India's large stockpile needs suggest upside risk. Phosphate values appear high relative to grain prices.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4544-september-24-aussie-farmer-fertilizer-focus-phosphates
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Restricted Chinese exports combined with strong Indian buying create a supply-demand imbalance that could keep phosphate prices firm despite weak farm margins.

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2024-08-30 | 1 | +2.6% | 11.0 | Same-day StoneX outlook cites China's export restrictions and India's large stockpile needs as upside risks to phosphate prices, a supply and demand mechanism consistent with the DAP gain. |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/september-24-aussie-farmer-fertilizer-focus---phosphates-1519466/

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