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DAP barges traded as high as $295/t FOB New Orleans in the third week of September, easing to $280-$290/t by early October, roughly flat from late August. International ammonia tightened in September on spot demand in Europe and China, and the Tampa contract settled up $30 to $255/mt CFR.
Firm ammonia and phosphate costs raise the input cost of feed-phosphate and nitrogen-based supply chains, while the flat DAP trend suggests limited near-term relief for feed mineral buyers.
dtnpf.comKarl Stenerson Market ReporterOct 11, 2019Not enough comparable past events yet for a historical read.
Not 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.
