# Downturn in International Fertilizer prices appears to be over.

> Nitrogen prices kept rising across markets, with urea producers largely sold out for the month ahead. Egyptian and Middle East urea rose sharply, and Brazilian urea climbed about $40/t to $390-395/t CFR. Phosphate prices also edged higher, while potash was flat.

- Date: 2023-07-22 · published 2023-07-22T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7007-downturn-in-international-fertilizer-prices-appears-to-be-over
- 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

Strong Brazilian buying and a delayed Indian tender tighten near-term urea supply, pointing to higher nitrogen costs for feed producers and some pressure on phosphate-based inputs.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- POTASH: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2023-07-28 | 5 | +31.8% | 4.6 | Producers largely sold out for the month ahead and Brazil CFR rose about $40/t, indicating tightening supply and a turn in the price trend. |
| DAP | 2023-08-03 | 5 | +14.5% | 3.7 | Reports that the fertilizer downturn is over, with phosphates edging higher and nitrogen rallying, signal a sentiment and price turn that lifts DAP. |
| UREA | 2023-07-27 | 5 | +31.8% | 5.1 | Urea producers were largely sold out for the month ahead and Brazil CFR rose about $40/t, which shows tightening supply and a turn in the market. |
| UREA | 2023-07-27 | 1 | +24.1% | 9.1 | Reports that the downturn was over with producers sold out and Egypt, Middle East and Brazil prices rising set up the momentum and tight prompt supply. |
| DAP | 2023-07-28 | 5 | +13.4% | 4.0 | It reports the fertilizer downturn ending, with phosphates edging higher alongside surging nitrogen, building momentum ahead of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-01-22 | [Changes in international fertilizer prices from January 12 - January 19.](https://feedsoft.ai/events/4572-changes-in-international-fertilizer-prices-from-january-12-january-19.md) | +12.6% | +13.1% |
| UREA | 2024-02-05 | [Changes in international fertilizer prices from January 26 - February 2.](https://feedsoft.ai/events/32007-changes-in-international-fertilizer-prices-from-january-26-february-2.md) | +1.4% | +11.5% |
| UREA | 2024-01-08 | [Changes in international fertilizer prices from December 22 - January 5.](https://feedsoft.ai/events/11084-changes-in-international-fertilizer-prices-from-december-22-january-5.md) | +2.1% | +13.0% |
| UREA | 2023-12-29 | [Bangladesh bolsters fertilizer stock with international tenders - Fertilizer Daily](https://feedsoft.ai/events/33050-bangladesh-bolsters-fertilizer-stock-with-international-tenders-fertilizer-daily.md) | -0.8% | +13.7% |
| UREA | 2020-08-03 | [AgroPages-Fertilizers - navigating the global downturn-Agricultural news](https://feedsoft.ai/events/7415-agropages-fertilizers-navigating-the-global-downturn-agricultural-news.md) | +11.2% | +4.5% |
| DAP | 2021-03-11 | [Phosphate fertilizers \| United States International Trade Commission](https://feedsoft.ai/events/48048-phosphate-fertilizers-united-states-international-trade-commission.md) | -0.6% | +1.1% |
| DAP | 2020-10-01 | [U.S. fertilizer prices surge to decade high](https://feedsoft.ai/events/50574-u-s-fertilizer-prices-surge-to-decade-high.md) | +0.7% | +0.7% |
| DAP | 2026-05-07 | [India Gets High Prices for DAP Fertilizer in Latest Tender - Bloomberg](https://feedsoft.ai/events/19575-india-gets-high-prices-for-dap-fertilizer-in-latest-tender-bloomberg.md) | 0.0% | +3.6% |

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/9675-downturn-in-international-fertilizer-prices-appears-to-be-over

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