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Vietnam's Ministry of Industry and Trade says fertiliser prices will keep rising through the rest of 2021. The main drivers cited are container shipping costs, which have risen about fivefold year over year, and reduced Southeast Asian fertiliser output during plant maintenance.
Higher freight and reduced regional supply are lifting DAP, MAP and urea import costs, which squeezes margins for Southeast Asian feed and livestock producers.
vietnamnews.vnJun 21, 2021After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
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.
