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Profercy analysis of the 2023 DAP/MAP market finds global import demand recovered by roughly 3Mt after lower prices in the first half, but still sits about 10% below 2020 levels. Five countries account for about 90% of imports, with China constrained by quotas and Morocco limiting exports.
Constrained Chinese and Moroccan supply keeps phosphate availability tight, which supports DAP prices that feed into mineral and premix costs.
profercy.comChris YearsleyAug 29, 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.
