Loading…
A trading firm sold 25,000t of Russian MAP and 15,000t of DAP on a fob basis for March shipment, with the destination likely Latin America excluding Brazil, probably Argentina. A Moroccan MAP cargo also sold to Brazil at $720/t cfr.
Suppliers are bullish on TSP and SSP, and Argentine DAP/MAP offers have firmed to $750-765/t cfr.
Firm spot sales and rising offers into the Americas signal tighter phosphate supply and higher input costs for feed and crop producers. Poor farmer affordability could limit how far these price gains carry.
argusmedia.comAdrien SeewaldMar 25, 2024Not 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.
