Loading…
Phosphate fertilizer prices rose this week, with 55% powdered MAP up 3.18% and 64% granular DAP up 3.23%, driven by high upstream costs and autumn demand. Many producers halted new quotations to fill existing orders, including exports.
Port inventories for both MAP and DAP declined, reflecting tight supply.
Tight supply, high costs and strong autumn demand keep phosphate fertilizer prices elevated, raising input costs for crops and feed grains in the coming season.
fdd-global.comFDD Data GroupAug 28, 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.
