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Russia's PhosAgro has agreed to supply 2 million tonnes of fertilizer worth $1 billion to India. India imports nearly 90 percent of its phosphate-based fertilizer demand.
A large multi-year supply contract with a major importer supports phosphate demand and prices. Its effect on the market is limited because the volume is spread over time and India already relies heavily on imports.
reuters.comVladimir SoldatkinOct 5, 2018After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
