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DAP prices rose in North America and Europe in the second half of August 2023. Strong demand from Brazil, pre-hurricane stockpiling, and Hurricane Idalia port closures tightened US supply, while higher ammonia and phosphoric acid costs pushed European prices up.
Higher phosphate fertilizer costs raise input costs for crop producers and feed ingredient supply chains, supporting fertilizer price levels into the fall application season.
chemanalyst.comSep 15, 2023Not enough comparable past events yet for a historical read.
Not 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.
