# Phosphate Outlook 2020: Is a Global Shortage Imminent? | INN

> Phosphate prices fell about 27% in 2019, from US$102.50 to US$74 per metric ton, after a poor application season and rising supply. The USGS projects global phosphate demand reaching 50.5 million tonnes by 2022, led by Africa, India and South America. Producers are cutting output and reviewing business models.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/55524-phosphate-outlook-2020-is-a-global-shortage-imminent-inn
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Producer cuts and rising long-term demand could firm phosphate prices from low levels. Near-term prices are still weak, so the outlook is brighter mainly beyond 2020.

## Read by commodity

- DAP: neutral
- PHOSROCK: neutral

## Sources

- investingnews.com: https://investingnews.com/daily/resource-investing/agriculture-investing/phosphate-investing/phosphate-outlook-2020:-is-a-global-shortage-imminent/

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