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Incitec Pivot cut production at its Phosphate Hill plant in Queensland after flooding cut the rail line to Townsville. Australian retailers expect fertilizer supply to remain adequate and demand to be near normal, with high grain and fodder prices supporting application.
The rail disruption is unlikely to change Australian fertilizer pricing much, though it highlights logistics risk for phosphate supply.
farmonline.com.auGregor HeardFeb 12, 2019After 40 past logistics events, DAP moved a median +0.4% over 5 sessions (57% higher; middle half -0.6% to +0.9%), and +1.1% 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.
