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MAP prices in Brazil rose slightly to $346 per metric ton for the week ending September 15, up from $345 a week earlier. Prices remain about 15% below the March 2017 peak of $400 per metric ton.
Firmer MAP prices after a downtrend may support phosphate fertilizer costs for Brazilian farmers, though the level is still weak year over year and modest in size. The move is small and unlikely to change feed ingredient prices materially.
marketrealist.comAdam JonesSep 18, 2017Not 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.
