# Latin American DAP/MAP bullish on fresh spot rounds | Latest Market News

> 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.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: market · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/31528-latin-american-dap-map-bullish-on-fresh-spot-rounds-latest-market-news
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2784719-latin-american-dap-map-bullish-on-fresh-spot-rounds

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