Loading…
NOLA TSP barges jumped to $630/st FOB in the US Gulf, according to Green Markets. The increase reflects a rise in phosphate prices in the US export market.
A sharp move higher in US Gulf TSP prices signals firmer phosphate costs for buyers, which can feed into fertilizer budgets for the next crop cycle.
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.