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MAP phosphate prices rose this week on strong pending orders, reduced plant utilization from maintenance and high raw material costs, while DAP held firm. Port MAP inventories were stable but low year-on-year, and DAP inventories rose.
Tight MAP supply and firm costs point to continued support for phosphate fertilizer prices heading into winter storage, raising input costs for feed producers' supply chains.
fdd-global.comFeidoodooOct 30, 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.
