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Phosphate is described as having become a critical commodity because of Strait of Hormuz disruptions, which affect about 30% of global fertilizer exports, and higher sulfur prices that raise phosphate processing costs. China has reportedly told major phosphate producers to suspend exports, which removes a large share of supply, since China accounts for about 40% of global phosphate production.
China's export suspension combined with higher sulfur costs tightens global phosphate supply and supports DAP and rock prices. Feed buyers relying on phosphate supplements should expect firm pricing.
businessnews.com.auAndrew ToddOct 5, 2026After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.
