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Chinese phosphate fertilizer prices rose sharply in the week to November 13, with the MAP 55% granular index up 16.31% week-on-week. Producers stopped accepting new orders, and port inventories stayed low for MAP.
Both MAP and DAP were forecast to stay firm or rise further.
Tight supply and low inventories are pushing phosphate prices higher, which raises input costs for crop and feed-related producers.
fdd-global.comFeidoodooNov 13, 2023Not 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.
