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International phosphate prices are firm to higher on healthy demand, tight supply, and rising feedstock costs. Phosphoric acid rose $28/t for Indian third-quarter contracts, and China offered DAP at $420/t FOB for export.
Indian rupee weakness is slowing DAP tenders.
Higher DAP and phosphate costs raise fertilizer expenses for crop producers and tighten the phosphate supply chain. The rupee's decline makes imports more expensive for Indian buyers, which can dampen demand.
vinachem.com.vnJul 10, 2018Not enough comparable past events yet for a historical read.
Not 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.
