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Saudi Arabian Mining Co. (Ma'aden) signed a contract to supply DAP fertilizer to Bangladesh's state agency BADC for 2018. Ma'aden says its phosphate exports will reach about 6 million tonnes in 2018 and 9 million tonnes per year with planned expansions.
A multi-year supply commitment from a major phosphate exporter to Bangladesh secures import demand and underpins DAP export flows, supporting prices for phosphate-based fertilizer.
worldfertilizer.comDavid RowlandsOct 24, 2017After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.
