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Phosphate prices have held steady while urea prices have fallen sharply, with NOLA urea barges down over 55% from their April peak. DAP has traded near USD 930-935 per tonne CFR India through late June, and MAP between USD 907 and 927.
Persistent Chinese export restrictions and sulfur shortages keep phosphate tight while nitrogen eases, widening the price gap between the two nutrients. Feed buyers should expect phosphate-linked costs to stay elevated even as nitrogen softens.
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.