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Investing News Network reviews 2021 phosphate price gains, driven by US countervailing duties on Morocco and Russia imports, transport issues and higher energy costs. DAP rose 76% to $745/t by December, a 13-year high, and Morocco rock climbed 112%.
Tight phosphate supply and high input costs raise fertilizer expenses for corn and soybean growers, which can support crop prices over time and tighten the feed cost outlook.
investingnews.comGeorgia WilliamsJan 26, 2022Not enough comparable past events yet for a historical read.
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.
