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Vietnam's Plant Protection Department has proposed halting fertiliser exports after DAP prices rose sharply over three months. Producers attributed the rise to global DAP prices, higher sulphur and ammonia costs, and extra demand from China's maize and soybean expansion for feed.
A proposed Vietnamese export halt would remove supply from world DAP markets at a time when global phosphate is already tight, supporting higher international prices.
vietnamnews.vnMar 18, 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.
