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US DAP prices rose 58% in 2020, from US$245 to US$388.50 per metric ton, after starting the year at decade lows. Chinese DAP also gained 45% over the year as COVID-19 lockdowns disrupted supply from Hubei, the main producing region.
Tight supply from China and continued transport disruptions support higher phosphate prices into 2021, raising fertilizer costs for growers and the input costs that flow into feed.
investingnews.comGeorgia WilliamsJan 20, 2021Not 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.
