
Sulphuric acid prices have surged to levels well beyond the 2021-22 fertilizer spike, while DAP prices in Australia and Morocco have climbed strongly. Phosphoric acid production relies on sulphuric acid, and shortages could force phosphate producers to slow output or raise prices.
Upstream acid tightness raises the risk that phosphate supply stays constrained, supporting DAP and MAP prices. This is a bullish signal for phosphate-based feed inputs.
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.