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A Panamax vessel carrying about 55,000 tonnes of Saudi phosphate fertilizer left the Gulf through the Strait of Hormuz bound for Kakinada, India. Other October Saudi phosphate cargoes have also reached India, and Maaden sold three DAP cargoes totaling 120,000 tonnes to Indian buyers at about $900 per tonne CFR earlier in October.
Resumed Gulf phosphate shipments ease some supply pressure, but thin trade and Indian buyers bidding in the $880s suggest that DAP prices may soften if importers stay away.
fertilizerdaily.comKim ClarksenNov 2, 2026Not 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.
