# NZX, New Zealand's Exchange - Announcements, Chatham Comments On Increasing Phosphate Prices

> Chatham Rock Phosphate commented on the recent surge in phosphate fertilizer prices, quoting Bloomberg's report on the 29% DAP and 34% lower-concentration phosphate jumps in US Midwest prices. The company highlighted the Morocco and Russia import duty investigation as the cause.

- Date: 2020-10-07 · published 2020-10-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50581-nzx-new-zealand-s-exchange-announcements-chatham-comments-on-increasing
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

The commentary repeats the phosphate supply shock tied to possible US duties on Moroccan and Russian product, which supports higher phosphate costs for feed and crop producers. It adds no new fact beyond the Bloomberg report.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Sources

- nzx.com: https://www.nzx.com/announcements/361106

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.