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Phosphate rock and DAP prices rose from mid-2020 after a year of losses, with DAP in the US up 58% to $388.50/MT by December 2020. Tight supply, pandemic output constraints and underperforming new facilities drove the rally.
Buyers returned once prices were seen as bottoming.
Tight phosphate supply and recovering demand support higher phosphate rock and DAP prices, which lifts the cost of phosphorus fertilizer for crop producers.
phosphateprice.comDesktopMar 3, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
