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Itafos announced a multi-year phosphate rock supply agreement with OCP Group as part of its repurpose plan for Itafos Arraias in Brazil. The plan targets higher-grade SSP, micronutrient SSP and premium PK compound products, and the mine and beneficiation plant there have been idled.
Securing higher-grade phosphate rock supports Brazilian SSP and PK fertilizer supply, a modest supply-side development with limited direct effect on feed commodity prices.
worldfertilizer.comNicholas WoodroofJun 21, 2019After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% 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.
