# Soaring fertilizer prices add to inflationary pressures and food security concerns :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)

> Fertilizer prices reached levels not seen since 2008-09, driven by European gas-driven ammonia cutbacks, Chinese coal rationing, and Hurricane Ida disruptions. China suspended fertilizer exports until June 2022 and Russia restricted nitrogen and phosphate exports from December 1, 2021.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: trade · region Global · magnitude high
- Page: https://feedsoft.ai/events/8136-soaring-fertilizer-prices-add-to-inflationary-pressures-and-food-security
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

China accounts for about one-third of global DAP trade and one-tenth of urea trade, so export curbs tighten global supply and lift phosphate and nitrogen prices, adding to food inflation pressure.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2021-11-26 | 1 | +3.8% | 4.0 | Chinese fertilizer export suspension through June 2022 and Russian phosphate export restrictions starting December 1 tighten global DAP supply, a direct trade-flow driver of the price jump on 2021-11-26. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-08-30 | [Govt to procure addl chemical fertilizer to ensure food security](https://feedsoft.ai/events/9346-govt-to-procure-addl-chemical-fertilizer-to-ensure-food-security.md) | -0.6% | -8.3% |
| 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 | 2023-07-22 | [Downturn in International Fertilizer prices appears to be over.](https://feedsoft.ai/events/7007-downturn-in-international-fertilizer-prices-appears-to-be-over.md) | +31.8% | +18.1% |
| 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% |
| DAP | 2020-08-30 | [Govt to procure addl chemical fertilizer to ensure food security](https://feedsoft.ai/events/9346-govt-to-procure-addl-chemical-fertilizer-to-ensure-food-security.md) | +1.1% | -1.1% |
| DAP | 2023-07-22 | [Downturn in International Fertilizer prices appears to be over.](https://feedsoft.ai/events/7007-downturn-in-international-fertilizer-prices-appears-to-be-over.md) | +13.9% | +17.8% |
| DAP | 2020-08-07 | [USITC Votes to Continue Investigations Concerning Phosphate Fertilizers from Morocco and Russia \| United States International Trade Commission](https://feedsoft.ai/events/51918-usitc-votes-to-continue-investigations-concerning-phosphate-fertilizers-from.md) | +2.6% | +11.7% |

## Sources

- vinachem.com.vn: https://www.vinachem.com.vn/articles/market-and-product-vnc/soaring-fertilizer-prices-add-to-inflationary-pressures-and-food-security-concerns.html

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