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Waypoint's August 2024 supplier update says global triple superphosphate supply remains very tight due to high-grade rock phosphate shortages, with China facing limited access. Prilled urea was around $360/t, with expectations of a drop to $350-355 as Egyptian activity slows during European holidays.
Tight TSP and phosphate supply supports fertilizer costs for feed grain production, while softening urea prices offer modest relief for growers and may ease input costs into the autumn season.
waypointcommodities.comAug 8, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
