# Fertilizer prices falling after huge uptick when Russia invaded Ukraine

> A North American fertilizer price index tracked by Green Markets is down 21% from its late-March peak. Analysts attribute the drop to demand destruction and lower ammonia production costs. Prices remain above pre-war levels.

- Date: 2022-05-26 · published 2022-05-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6167-fertilizer-prices-falling-after-huge-uptick-when-russia-invaded-ukraine
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Lower fertilizer prices reduce future crop production costs, which can ease pressure on corn and feed prices over time. The index is still well above pre-2022 levels, limiting how far costs can fall.

## Read by commodity

- UREA: bearish ▼
- POTASH: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-06-03 | 5 | -17.5% | -3.1 | North American fertilizer index down 21% from its March peak on demand destruction and lower ammonia production costs signals sentiment and input-cost-driven price deflation that pressured urea. |
| UREA | 2022-05-26 | 1 | -9.5% | -3.9 | The North American fertilizer index is down 21% from its peak on demand destruction and lower ammonia costs, which supports the broad downward pressure. |
| UREA | 2022-06-01 | 5 | -17.1% | -2.9 | The North American fertilizer index is down 21% from its peak on demand destruction and lower ammonia costs, consistent with the selloff. |

## Sources

- axios.com: https://www.axios.com/2022/05/26/fertilizer-prices-npk-food-prices

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