# Fertilizer Price Surge Hits Sub-Saharan Africa Harder Than Global Markets, New Report Reveals - Horticultural News

> A new report says fertilizer prices in Sub-Saharan Africa stayed elevated long after global prices fell from the 2021-22 spike. The gap, called the price wedge, is attributed to corruption, currency depreciation and high diesel costs. Smallholder farmers in Kenya, Ghana, Malawi, Nigeria, Tanzania and Zambia are most affected.

- Date: 2024-10-02 · published 2024-10-02T12:00:00.000Z
- Category: report · region Sub-Saharan Africa · magnitude low
- Page: https://feedsoft.ai/events/5246-fertilizer-price-surge-hits-sub-saharan-africa-harder-than-global-markets-new
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

The regional price wedge reflects local distribution and currency costs rather than global feed grain supply or demand. It has limited direct impact on world commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-06-30 | [Impacts and Repercussions of Price Increases on the Global Fertilizer Market \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/40878-impacts-and-repercussions-of-price-increases-on-the-global-fertilizer-market.md) | +2.0% | +4.4% |
| UREA | 2022-07-05 | [Impacts and Repercussions of Price Increases on the Global Fertilizer Market](https://feedsoft.ai/events/40415-impacts-and-repercussions-of-price-increases-on-the-global-fertilizer-market.md) | -0.0% | +12.8% |
| UREA | 2022-11-29 | [New Report Predicts More Stable Fertilizer Markets for 2023](https://feedsoft.ai/events/38997-new-report-predicts-more-stable-fertilizer-markets-for-2023.md) | -4.0% | -7.5% |
| UREA | 2023-10-01 | [Global prices for fertilizers returned to 2021 levels in 2023 after surging in 2022 )](https://feedsoft.ai/events/34027-global-prices-for-fertilizers-returned-to-2021-levels-in-2023-after-surging-in.md) | 0.0% | -8.3% |
| UREA | 2022-11-30 | [Report: After Two Turbulent Years, Fertilizer Markets May Start to Settle in 2023 - AgriBusiness Global](https://feedsoft.ai/events/7855-report-after-two-turbulent-years-fertilizer-markets-may-start-to-settle-in-2023.md) | +3.8% | -0.5% |

## Sources

- hortinews.co.ke: https://www.hortinews.co.ke/fertilizer-price-surge-hits-sub-saharan-africa-harder-than-global-markets-new-report-reveals/

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