# Wavering Offtakes Pressures Diammonium Phosphate Prices to Fall in Europe and the USA

> 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.

- Date: 2023-07-04 · published 2023-07-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35348-wavering-offtakes-pressures-diammonium-phosphate-prices-to-fall-in-europe-and
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/wavering-offtakes-pressures-diammonium-phosphate-prices-18782

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.