# The Outlook on Phosphate Fertilizer Remains Dull

> Phosphate fertilizer prices such as DAP have been weighed down by excess capacity. Around 1.6 million metric tons of new capacity is expected in 2017, with 42% in Saudi Arabia and 30% in Morocco. Global phosphate demand is forecast to grow about 2%, slower than capacity additions.

- Date: 2017-12-04 · published 2017-12-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67800-the-outlook-on-phosphate-fertilizer-remains-dull
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Capacity growing faster than demand points to continued pressure on phosphate prices. Buyers can expect limited upside for DAP in the near term.

## Read by commodity

- DAP: bearish ▼

## Sources

- marketrealist.com: https://marketrealist.com/2017/12/outlook-phosphate-fertilizer-remains-dull/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.