# Covid-19 and fertilizers: Five things you need to know - CRU Group

> CRU Group published an insight on how the Covid-19 pandemic is affecting fertilizer markets, noting that most governments have classified fertilizers as essential goods. It says the sector faces conflicting drivers including foreign exchange swings, macroeconomic uncertainty and reduced biofuel demand.

- Date: 2020-04-16 · published 2020-04-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/53560-covid-19-and-fertilizers-five-things-you-need-to-know-cru-group
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Fertilizer costs feed into grain and oilseed production economics, so uncertainty about input supply and demand can shift future crop input prices and farm margins for feed buyers.

## Read by commodity

- DAP: neutral
- UREA: neutral
- POTASH: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-02-16 | [Softening fertilizer prices "a bit of a gift" - Brownfield Ag News](https://feedsoft.ai/events/37644-softening-fertilizer-prices-a-bit-of-a-gift-brownfield-ag-news.md) | +0.1% | -3.1% |
| UREA | 2023-11-01 | [Weak Canadian Dollar Good for Ag Exports but Bad for Ag Inputs - Genesis Fertilizers](https://feedsoft.ai/events/33478-weak-canadian-dollar-good-for-ag-exports-but-bad-for-ag-inputs-genesis.md) | -2.8% | -5.6% |
| UREA | 2020-04-14 | [Fertilizer Supply Chains Hold Steady, But No Guarantees - AgriBusiness Global](https://feedsoft.ai/events/53565-fertilizer-supply-chains-hold-steady-but-no-guarantees-agribusiness-global.md) | -0.3% | -20.2% |
| UREA | 2023-04-04 | [The Russia-Ukraine War’s Impact on Fertilizer Prices in 2022](https://feedsoft.ai/events/36330-the-russia-ukraine-war-s-impact-on-fertilizer-prices-in-2022.md) | +12.8% | +20.8% |
| UREA | 2020-10-06 | [Lower gas prices to benefit urea producers, reduce subsidy needs: Icra, ETEnergyworld](https://feedsoft.ai/events/50947-lower-gas-prices-to-benefit-urea-producers-reduce-subsidy-needs-icra.md) | -0.7% | +2.7% |
| DAP | 2023-02-16 | [Softening fertilizer prices "a bit of a gift" - Brownfield Ag News](https://feedsoft.ai/events/37644-softening-fertilizer-prices-a-bit-of-a-gift-brownfield-ag-news.md) | -1.7% | -3.4% |
| DAP | 2020-04-14 | [Fertilizer Supply Chains Hold Steady, But No Guarantees - AgriBusiness Global](https://feedsoft.ai/events/53565-fertilizer-supply-chains-hold-steady-but-no-guarantees-agribusiness-global.md) | 0.0% | -6.4% |
| DAP | 2023-04-04 | [The Russia-Ukraine War’s Impact on Fertilizer Prices in 2022](https://feedsoft.ai/events/36330-the-russia-ukraine-war-s-impact-on-fertilizer-prices-in-2022.md) | +7.8% | -3.5% |

## Sources

- crugroup.com: https://www.crugroup.com/en/communities/thought-leadership/2020/covid-19-and-fertilizers-five-things-you-need-to-know/

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