
Fertilizer prices are rising again as China restricts exports, with urea shipments suspended in October. DAP reached a three-year high of $795 per tonne in August, still 34% above the start of the year.
Chinese export restrictions tighten global phosphate and urea supply, raising input costs for feed grain producers and supporting higher prices for nitrogen and phosphate products.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
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.