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Argus, commissioned by the International Fertilizer Association, estimated global phosphate rock resources and reserves. The study found no global shortage, with sufficient deposits for about 350 years at projected use with current technology.
Long reserve life limits scarcity premiums on phosphate rock and DAP, reducing the case for structural price strength in phosphate fertilizer that feeds into feed-grain production costs.
fertilizerdaily.comKirill ShakinJun 7, 2023Not enough comparable past events yet for a historical read.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% over 20.
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.
