# US prices were firmer this week on spring demand, but bearish sentiment remains across products. | Harry Minihan

> US fertilizer prices firmed this week on spring demand, with Nola urea hitting a nine-week high at $335-355/st fob. India settled its standard potash contract with Uralkali and Canpotex at $422/t cfr, $168/t below the previous contract, for April-September delivery. Ammonia in NW Europe and DAP prices were softer.

- Date: 2023-04-07 · published 2023-04-07T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5936-us-prices-were-firmer-this-week-on-spring-demand-but-bearish-sentiment-remains
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

The lower Indian potash contract and softer DAP and ammonia prices point to continued downward pressure on fertilizer input costs for feed producers' crop suppliers. The short-lived US urea rally is unlikely to reverse the broader bearish trend.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-10-02 | [Urea price rally stalls on sluggish Brazilian demand as market awaits India's latest tender](https://feedsoft.ai/events/654-urea-price-rally-stalls-on-sluggish-brazilian-demand-as-market-awaits-india-s.md) | -1.4% | +1.1% |
| UREA | 2026-10-08 | [Urea Prices Drop in India as China Reshapes Fertilizer Markets Across the Americas](https://feedsoft.ai/events/658-urea-prices-drop-in-india-as-china-reshapes-fertilizer-markets-across-the.md) | +2.3% | +2.6% |
| UREA | 2026-06-23 | [Fertilizer prices fall on slow demand, Chinese exports and Iran - Nikkei Asia](https://feedsoft.ai/events/19114-fertilizer-prices-fall-on-slow-demand-chinese-exports-and-iran-nikkei-asia.md) | -2.1% | -1.4% |
| UREA | 2026-08-20 | [IFDC: China’s urea exports ease nitrogen prices, but fertilizer markets remain tense - Fertilizer Daily](https://feedsoft.ai/events/17859-ifdc-china-s-urea-exports-ease-nitrogen-prices-but-fertilizer-markets-remain.md) | +1.1% | +17.4% |
| UREA | 2024-04-02 | [Lack of Demand, Plentiful Supply Push Down Fertiliser Prices \| CZ app](https://feedsoft.ai/events/4548-lack-of-demand-plentiful-supply-push-down-fertiliser-prices-cz-app.md) | -7.2% | -8.1% |
| DAP | 2023-11-06 | [Fertiliser Markets Look Bearish With Limited Demand Pockets \| CZ app](https://feedsoft.ai/events/4327-fertiliser-markets-look-bearish-with-limited-demand-pockets-cz-app.md) | +0.9% | +3.9% |
| DAP | 2022-10-28 | [China's return to the international marker drives down pricing of nitrogen, phosphate and potash \| Farm Weekly \| WA](https://feedsoft.ai/events/10122-china-s-return-to-the-international-marker-drives-down-pricing-of-nitrogen.md) | -6.6% | -9.7% |
| DAP | 2021-01-07 | [OCP Group acknowledges US decision to reduce preliminary countervailing duty rate \| World Fertilizer](https://feedsoft.ai/events/49465-ocp-group-acknowledges-us-decision-to-reduce-preliminary-countervailing-duty.md) | +0.5% | +39.8% |

## Sources

- linkedin.com: https://www.linkedin.com/feed/update/urn:li:activity:7050024347549233154
- linkedin.com: https://www.linkedin.com/posts/harry-minihan-46553b1a4_fertilizer-fertilizer-fertilizers-activity-7050024347549233154-Vd8u

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