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Houston-based phosphate producer Itafos reported third-quarter net income of $2.2 million. Its EBITDA declined, with higher sulfur costs weighing on margins.
Higher sulfur input costs raise the cost of producing phosphate fertilizers, which can support DAP prices but squeeze producer margins. The effect on phosphate prices is modest because this is a single company's results.
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.