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Incitec Pivot Ltd. reported that flooding has affected production at its Phosphate Hill fertilizer plant in Australia. The plant is a significant phosphate producer, and the disruption reduces its output.
Lower Australian phosphate output tightens global DAP and phosphate rock supply, which tends to push prices higher. The effect depends on how long the flooding disrupts operations.
fertilizerpricing.comDan ColeFeb 11, 2019Not enough comparable past events yet for a historical read.
After 13 past weather events, DAP moved a median 0.0% over 5 sessions (46% higher; middle half -0.2% to +0.9%), and +0.7% over 20.
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.
