# Waypoint

> 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.

- Date: 2024-08-08 · published 2024-08-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29124-waypoint
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md), [Urea](https://feedsoft.ai/c/UREA.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲
- UREA: bearish ▼
- PHOSROCK: bullish ▲

## Sources

- waypointcommodities.com: https://www.waypointcommodities.com/news/waypoint-supplier-updates-august-2024

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.