# NPK Price - CRU Group

> CRU Group forecasts that Chinese NPK exports, which rose nearly fivefold in 2019 after export taxes were removed, will keep growing in 2020 but at a slower pace. Growth into Myanmar and the Philippines is expected to ease as Yara and other producers compete harder.

- Date: 2020-01-20 · published 2020-01-20T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/55014-npk-price-cru-group
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Slower Chinese NPK export growth reduces supply pressure on the phosphate complex, which limits downside for DAP prices.

## Read by commodity

- DAP: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2020-06-04 | [Understanding the Chinese cost floor - CRU Group](https://feedsoft.ai/events/52923-understanding-the-chinese-cost-floor-cru-group.md) | +0.6% | +7.5% |
| DAP | 2020-06-15 | [CRU Fertilizers Top 10 calls for 2020 Mid-year review - CRU Group](https://feedsoft.ai/events/52543-cru-fertilizers-top-10-calls-for-2020-mid-year-review-cru-group.md) | 0.0% | +11.3% |
| DAP | 2021-01-05 | [Global fertiliser price outlook positive news for Australian growers - Grain Central](https://feedsoft.ai/events/11957-global-fertiliser-price-outlook-positive-news-for-australian-growers-grain.md) | +0.3% | +37.4% |
| DAP | 2023-12-17 | [US (Gulf) DAP Price Report: Nov 2023 Updates and Analysis -](https://feedsoft.ai/events/33034-us-gulf-dap-price-report-nov-2023-updates-and-analysis.md) | +0.9% | +3.9% |
| DAP | 2020-07-16 | [Season, low prices fire up urea applications, despite COVID supply risk - Grain Central](https://feedsoft.ai/events/52424-season-low-prices-fire-up-urea-applications-despite-covid-supply-risk-grain.md) | +0.5% | +8.9% |

## Sources

- crugroup.com: https://www.crugroup.com/en/communities/thought-leadership/blogs/2020/top-npk-market-forecasts-for-2020/

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