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Argus reports DAP and MAP prices are up 22-27% in Brazil and India since the Middle East war began, compared with a 65-75% rise in urea. Analysts attribute the more measured phosphate response to later peak application seasons in South Asia and Brazil and hand-to-mouth buying.
Phosphate prices are rising but lag nitrogen, so the seasonal demand peak in Brazil and India could push phosphate costs higher later in the year.
producer.comSean PrattApr 17, 2026Not 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.
