
US phosphate producer Itafos is in advanced talks with Indian companies over a Guinea-Bissau rock phosphate project, with an NDA already signed. Itafos CEO David Delaney said China, Morocco, Saudi Arabia and Jordan currently restrict US phosphate supply to only Canada and Brazil.
Developing the project depends on building a port for shipping rock to DAP producers.
Export restrictions from major phosphate producers keep global DAP supply tight, and a new source would only help if the project is developed. Near-term price impact is limited because the project is still at an early stage.
Na 36 eerdere neutraal handel-gebeurtenissen bewoog DAP zich mediaan +0,7% over 5 sessies (64% hoger; middelste helft -0,0% tot +2,1%), en +0,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.