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Mosaic expects global phosphate and potash demand to rebound in the second half of 2024, led by Asia and Brazil. It projects annual phosphate sales of 73 to 76 million tons and potash sales of 70 to 73 million tons.
The CEO also said China's phosphate exports are likely to stay limited.
Restricted Chinese phosphate exports and a demand recovery support fertilizer prices, which raises input costs for feed producers and grain growers.
marketscreener.comMarketScreenerAug 7, 2024After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
Not enough comparable past events yet for a historical read.
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.
