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China has suspended fertilizer exports until June 2022 to protect domestic supply amid food security concerns. The article notes that China accounts for roughly one-third of global DAP trade and one-tenth of urea trade.
A large export halt from a top phosphate and urea supplier tightens global availability and supports higher DAP and urea prices, raising input costs for feed grain producers.
vinachem.com.vnDec 27, 2021After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.
