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DAP prices in the NOLA region rose 53 basis points to $344/t in the week ending March 23, while Morocco rose slightly to $421/t. China was the only major location to decline, falling 48 basis points to $414/t.
Small weekly moves keep phosphate fertilizer prices firm and up year-over-year, which supports input costs for feed-related crop production; the movement is routine rather than a new shock.
marketrealist.comAdam JonesMar 27, 2018Not 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.
