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The China Agricultural Means of Production Association warned that phosphate export policies may tighten because domestic prices are rising. As of July 15, wholesale DAP and MAP prices were up 9.99% and 23.08% year on year.
China's DAP and MAP exports had already fallen sharply in January-May.
A likely tightening of Chinese phosphate export rules would cut an important global supply source and push international DAP prices higher, raising costs for feed and fertiliser buyers.
in.marketscreener.comReutersJul 17, 2024After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.
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.
