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MAP prices in Brazil fell to about $343 per metric ton, down roughly 14% from a $400 peak in March 2017. The decline has run for 22 consecutive weeks.
Some phosphate producers reported negative margins in the second quarter.
Persistent weakness in Brazilian phosphate prices signals ample supply and lower input costs for feed and livestock producers in Brazil. Margin pressure may eventually slow production and limit further declines.
marketrealist.comAdam JonesAug 22, 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.
