# Global Fertilizer Price Updates: March’ 2023 -

> Black Sea urea averaged $313.5/t in March 2023, down 12.3% from February and 65% below March 2022. US Gulf DAP was $606/t, down 1% month-on-month, while Morocco rock phosphate rose 7% to $345/t. Henry Hub natural gas averaged $2.10/MMBtu, 16% lower than February.

- Date: 2023-04-08 · published 2023-04-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5937-global-fertilizer-price-updates-march-2023
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower nitrogen and phosphate benchmarks and cheaper natural gas reduce fertilizer and energy-linked production costs. Rising rock phosphate prices, however, signal tighter upstream phosphate supply.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- NATGAS: bearish ▼
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-12-17 | [International Fertilizer Price Report: Nov 2023 Updates and Analysis -](https://feedsoft.ai/events/33042-international-fertilizer-price-report-nov-2023-updates-and-analysis.md) | +1.6% | +2.4% |
| UREA | 2021-10-05 | [International Fertilizer Price September'21 Update -](https://feedsoft.ai/events/44881-international-fertilizer-price-september-21-update.md) | +6.2% | +11.5% |
| 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 | 2020-07-03 | [Global fertilizer prices expected to remain low over second half of 2020 - RealAgriculture](https://feedsoft.ai/events/52429-global-fertilizer-prices-expected-to-remain-low-over-second-half-of-2020.md) | +2.2% | +10.3% |
| UREA | 2024-09-18 | [Fertiliser prices easing slowly – Semi-annual Global Fertiliser Outlook](https://feedsoft.ai/events/28222-fertiliser-prices-easing-slowly-semi-annual-global-fertiliser-outlook.md) | +0.2% | +5.6% |
| DAP | 2020-07-03 | [Global fertilizer prices expected to remain low over second half of 2020 - RealAgriculture](https://feedsoft.ai/events/52429-global-fertilizer-prices-expected-to-remain-low-over-second-half-of-2020.md) | +3.3% | +12.5% |
| DAP | 2024-09-18 | [Fertiliser prices easing slowly – Semi-annual Global Fertiliser Outlook](https://feedsoft.ai/events/28222-fertiliser-prices-easing-slowly-semi-annual-global-fertiliser-outlook.md) | -0.2% | +0.6% |
| DAP | 2023-04-13 | [Latest Data Shows Drop in Fertilizer Prices - MiningNewsWire](https://feedsoft.ai/events/5939-latest-data-shows-drop-in-fertilizer-prices-miningnewswire.md) | +1.6% | -9.7% |

## Sources

- fertiliserindia.com: https://fertiliserindia.com/global-fertilizer-price-updates-march-2023/

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