# Mosaic expects phosphate prices to rise due to demand | The Western Producer

> Nutrien's president said global nitrogen demand was flat in 2020 as industrial demand slumped, delaying the nitrogen price recovery by about a year. He expects potash prices, which bottomed in early 2020, to rise as supply tightens in 2021. North American urea remains discounted to the rest of the world.

- Date: 2020-11-19 · published 2020-11-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50086-mosaic-expects-phosphate-prices-to-rise-due-to-demand-the-western-producer
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A delayed nitrogen recovery keeps urea and related fertilizer costs soft for feed-grain growers near term, while expected potash tightening points to firmer potash prices in 2021.

## Read by commodity

- UREA: neutral
- POTASH: bullish ▲

## Sources

- producer.com: https://www.producer.com/markets/mosaic-expects-phosphate-prices-to-rise-due-to-demand/

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