# High prices to curb southern LatAm phosphate imports | Latest Market News

> Phosphate prices to Argentina, Uruguay and Paraguay rose sharply this year because of the Middle East war, with Argentine DAP/MAP at $825/t cfr on 19 March, the highest since August 2022. Imports have held up so far but are expected to slow as affordability weakens. Up to 488,000t of DAP/MAP/TSP has been sold on the spot market for arrival by May.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Latin America · magnitude medium
- Page: https://feedsoft.ai/events/31532-high-prices-to-curb-southern-latam-phosphate-imports-latest-market-news
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

War-driven phosphate price increases in the Southern Cone threaten to cut import volumes, which could weigh on fertilizer demand and farm input affordability in the region.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-03-25 | [Maaden, OCP sell MAP, TSP to Latam \| Latest Market News](https://feedsoft.ai/events/31531-maaden-ocp-sell-map-tsp-to-latam-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 | 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 | 2022-04-21 | [Phosphate price expected to firm higher - Industry Queensland](https://feedsoft.ai/events/42158-phosphate-price-expected-to-firm-higher-industry-queensland.md) | -0.0% | -9.5% |
| DAP | 2024-05-06 | [Morocco's surging role in the global phosphate market - The Morocco Post](https://feedsoft.ai/events/30592-morocco-s-surging-role-in-the-global-phosphate-market-the-morocco-post.md) | +3.6% | +7.7% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2805918-high-prices-to-curb-southern-latam-phosphate-imports

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