A Philippine business report says coco oil and fertiliser prices rose sharply in July to September. The same news roundup says economists expect inflation could exceed 8% in November and December, driven by transport fares, electricity rates, wages, high oil prices and the threat of El Niño to food supply.
Higher fertiliser costs and an El Niño threat to food supply tighten the feed and farm input outlook for Philippine buyers. The effect is mainly on costs, and the exact fertiliser grades are not specified.
After 156 past report events, DAP moved a median 0.0% over 5 sessions (45% higher; middle half -0.6% to +0.9%), and +0.9% 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.