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Sri Lanka's Ministry of Agriculture said USAID has agreed to supply 36,000 metric tons of triple super phosphate fertilizer for paddy cultivation, to be issued free to farmers. The minister noted that procuring TSP has been difficult because the product is largely sourced from Ukraine and Russia, and that the country's economic crisis has constrained fertilizer imports.
A donor-funded aid shipment is small relative to global phosphate trade, so the price effect is minimal. It does underline tight supply from Russia and Ukraine for phosphate fertilizers.
islandback.lankapanel.netThilina WalpolaOct 31, 2022Not enough comparable past events yet for a historical read.
After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% 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.
