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PhosAgro reported that fertilizer sales rose 10% year over year to 7.9 million tonnes in the first nine months of 2020, and production rose nearly 5% to 7.5 million tonnes. The company credits better pricing and a flexible sales system for higher phosphorus fertilizer volumes.
Strong output and sales from a major Russian phosphate producer show ample exporter supply, which partly offsets the US duty-driven tightness. Feed phosphorus demand is also described as buoyant.
blog.teamtrade.czSimon HiltonOct 31, 2020After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% over 20.
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.
