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A higher-than-expected Q1 2021 phosphoric acid feedstock settlement at $795/tonne, up $106 (15%), pushed European quarterly feed phosphate offers higher. Suppliers are giving buyers less time to accept prices, with DCP and MCP increases exceeding earlier expectations.
Feedstock phosphoric acid costs drive European DCP and MCP prices, so the settlement lifts feed phosphate costs for European compound feed makers. Tight supply and rising feedstock costs point to further upward pressure on feed phosphate.
feedinfo.comFeb 5, 2021Not 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.
