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Farm Weekly reports that DAP prices have risen in Australian dollar terms over the past couple of months, with China's DAP at A$987/t versus A$917/t in October. The author notes that DAP remains well above pre-COVID levels.
Tight supply, partly from Chinese export restrictions, is cited as a key reason for the increase.
Chinese export restrictions and tight global supply are keeping phosphate prices firm, so Australian growers buying DAP for the coming crop face higher input costs. Prices in A$ are also being pushed up by a weaker Australian dollar.
farmweekly.com.auAndrew Whitelaw, Episode 3Feb 20, 2025Not 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.
