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The Dutch DCA quotation for phosphate rights returned to €160 per right in week 27, after a brief rise to €170 in week 25 when the skimming percentage was increased to 20 percent. Trading has been very thin, with buyers and sellers waiting for direction.
Phosphate rights are a Dutch manure-quota instrument rather than a fertiliser commodity price, so the effect on feed or fertiliser markets is minimal. The quiet, range-bound trade points to no clear directional move.
en.boerenbusiness.nlEric de LijsterJul 3, 2019Not 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.
