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DAP prices fell in June 2023 in both the US and Europe, with US prices down USD 62/MT and German prices down USD 34/MT. End-user buying was weak because of surplus stocks, and higher inflation and interest rates in Europe weighed on demand.
Lower phosphate fertilizer costs ease input expenses for feed grain and oilseed growers, but weak demand signals ample supply and softer fertilizer price pressure ahead.
chemanalyst.comStella FernandesJul 4, 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.
