
Maaden and OCP reported higher sales of phosphate fertilizers to Latin America, including MAP at $815-820/t cfr and TSP at $645-650/t cfr for April shipment. Maaden's cargo is likely bound for Argentina, and its shipping route may be affected by the closure of the Strait of Hormuz.
Higher phosphate sales at firm prices, together with Hormuz shipping disruption, point to tighter phosphate supply and upward pressure on fertilizer costs for feed producers.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
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.