# Mixed results for fertilizers amid COVID-19 panic

> The World Bank's fertilizer price index fell 8.5% in May 2020 as lower input costs and weak seasonal demand outweighed easing supply bottlenecks. DAP prices dropped 6.7% in May, partly on lower ammonia costs. The bank forecasts fertilizer prices about 10% lower in 2020 than in 2019, with risks from a second COVID-19 wave and currency weakness in major fertilizer markets.

- Date: 2020-06-25 · published 2020-06-25T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52541-mixed-results-for-fertilizers-amid-covid-19-panic
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Softer nitrogen and phosphate costs lower the cost of crop inputs, which weighs on fertilizer-linked price expectations and may ease input pressure for feed grain producers.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-05-15 | [Retail Fertilizer Prices Mixed; More Are Lower Than Higher](https://feedsoft.ai/events/30186-retail-fertilizer-prices-mixed-more-are-lower-than-higher.md) | +0.2% | +2.3% |
| UREA | 2026-08-26 | [Fertilizer Outlook Mixed Heading ... \| Syngenta CA](https://feedsoft.ai/events/17862-fertilizer-outlook-mixed-heading-syngenta-ca.md) | +11.0% | +15.9% |
| UREA | 2025-01-15 | [Fertilizer prices stabilize amid lower input costs and trade shifts](https://feedsoft.ai/events/26436-fertilizer-prices-stabilize-amid-lower-input-costs-and-trade-shifts.md) | +0.9% | +14.3% |
| 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 | 2024-07-08 | [Fertilizer prices edge lower amid lower input costs and improved production prospects](https://feedsoft.ai/events/29612-fertilizer-prices-edge-lower-amid-lower-input-costs-and-improved-production.md) | -0.1% | +3.8% |
| DAP | 2024-05-15 | [Retail Fertilizer Prices Mixed; More Are Lower Than Higher](https://feedsoft.ai/events/30186-retail-fertilizer-prices-mixed-more-are-lower-than-higher.md) | 0.0% | +1.6% |
| DAP | 2022-01-10 | [CRU Fertilizers – Top Ten Calls of 2022 - CRU Group](https://feedsoft.ai/events/43070-cru-fertilizers-top-ten-calls-of-2022-cru-group.md) | -1.4% | +0.3% |
| DAP | 2022-09-09 | [Brazil, US can expect a 'healthier supply' of fertilizers](https://feedsoft.ai/events/39900-brazil-us-can-expect-a-healthier-supply-of-fertilizers.md) | 0.0% | -3.6% |

## Sources

- blogs.worldbank.org: https://blogs.worldbank.org/en/opendata/mixed-results-fertilizers-amid-covid-19-panic

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