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Sri Lankan companies plan to produce Single Super Phosphate locally using Eppawala rock phosphate, as a substitute for imported TSP. Sri Lanka has had trouble sourcing phosphate fertilizer because of the Russia-Ukraine conflict.
Its annual TSP import bill is about $36 million, and the country needs roughly 15,000 metric tons of TSP.
The small volume is unlikely to move global prices, but it reflects conflict-driven supply disruption and continued shifts away from imported phosphate.
fertilizerdaily.comOct 19, 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.
