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Phosphate prices rose through 2021, with US DAP climbing 76% to US$745 per ton by December, a 13-year high. Drivers included a US countervailing duty on Moroccan and Russian phosphate, transport problems and higher energy costs.
The outlook for 2022 highlights geopolitics as a key factor.
Tight phosphate supply and strong demand from phosphate-intensive crops such as corn and soybeans point to continued upward pressure on fertilizer costs.
vinachem.com.vnFeb 12, 2022Not 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.
