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Phosphate prices have risen sharply after Western sanctions and supply disruption linked to the Russia-Ukraine war restricted Russian phosphate exports. An Australia-India interim trade deal is also cited as a possible support for phosphate prices.
Phosphate is a key fertilizer input, so higher prices raise farm input costs and can curb crop area or yields, supporting grain and feed prices over time.
industryqld.com.auApr 21, 2022After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Not 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.
