Tridge reports China cut high-concentration phosphate (MAP and DAP) exports 18% in 2025 to 5.3 million tons, the lowest since 2013. Importers including Brazil, Bangladesh, Ethiopia, Vietnam and Thailand are seeking alternative sources.
Expectations are that export restrictions may continue into 2026.
Tighter Chinese phosphate supply keeps global DAP and MAP prices firm, raising costs for importers and pushing buyers toward substitutes like SSP.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), 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.