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Global DAP prices fell in the last week of October 2025, with China, Morocco, India and Saudi Arabia all softening. China's export suspension pushed supply into its domestic market, raising inventories and weighing on sentiment.
Weak bids, freight volatility and softer agricultural offtake added pressure.
Bearish phosphate fundamentals and excess supply point to lower DAP costs for feed buyers into November, with limited near-term relief from policy signals.
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.