# Maaden, OCP sell MAP, TSP to Latam | Latest Market News

> Saudi Arabia's Maaden and Morocco's OCP sold MAP and TSP to Latin America at higher prices, with MAP at $815-820/t cfr South America. Maaden's cargo ships through the Strait of Hormuz, which Iran has declared closed, and OCP sold to Brazil and Latin America excluding Brazil for April shipment.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Latin America · magnitude medium
- Page: https://feedsoft.ai/events/31531-maaden-ocp-sell-map-tsp-to-latam-latest-market-news
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Hormuz disruption threatens Gulf phosphate exports and supports higher prices for Latin American importers, which raises fertilizer costs for regional feed grain production.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-03-25 | [High prices to curb southern LatAm phosphate imports \| Latest Market News](https://feedsoft.ai/events/31532-high-prices-to-curb-southern-latam-phosphate-imports-latest-market-news.md) | -10.7% | -13.4% |
| DAP | 2024-03-25 | [US fertilizer market faces increasing scrutiny \| Latest Market News](https://feedsoft.ai/events/31535-us-fertilizer-market-faces-increasing-scrutiny-latest-market-news.md) | -10.7% | -13.4% |
| DAP | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | -10.7% | -13.4% |
| DAP | 2026-05-05 | [ICIS reports on newest fertilizer market shifts \| World Fertilizer](https://feedsoft.ai/events/19578-icis-reports-on-newest-fertilizer-market-shifts-world-fertilizer.md) | 0.0% | +3.6% |
| DAP | 2026-06-11 | [Sulphur Shock Cascades through Dry Bulk Markets – News – SSY](https://feedsoft.ai/events/19122-sulphur-shock-cascades-through-dry-bulk-markets-news-ssy.md) | 0.0% | -4.2% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2800215-maaden-ocp-sell-map-tsp-to-latam

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