# Weak Diammonium Phosphate (DAP) Prices Loom Large over the Global Market in Dec 2022

> DAP prices remained under bearish pressure in December 2022, with the CIF India price falling to $765/MT and Ex-Riyadh spot assessed at $770/MT. Chinese DAP FOB fell about 4% week on week, and buyers expect prices to decline from December into January. A Russian sale of about 40,000 tonnes at $855/MT CFR was noted.

- Date: 2022-12-16 · published 2022-12-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38547-weak-diammonium-phosphate-dap-prices-loom-large-over-the-global-market-in-dec
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Weak DAP prices and sufficient Saudi and Chinese supply point to lower phosphate input costs for feed producers and mixers, though import volume queries for 2023 may limit the downside.

## Read by commodity

- DAP: bearish ▼

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/weak-diammonium-phosphate-dap-prices-loom-large-over-the-global-market-12987

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