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The Illinois Fertilizer & Chemical Association says phosphate prices remain elevated and show no sign of pulling back. China is expected to cut its phosphate exports sharply to keep supply at home, while Indian demand also supports prices.
Reduced Chinese phosphate exports tighten global DAP supply, which keeps US input costs high into fall. Lower expected fertilizer purchases due to weak commodity prices could cap the pressure.
brownfieldagnews.comJared WhiteSep 6, 2024Not 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.
