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Fertilizer Price Movements Last Week: Still Falling, Still Losing

PART:
1 2 3 4 5 6 7 8
Part 7
Fertilizer Price Movements Last Week: Still Falling, Still Losing PART 7 OF 8

How MAP Prices Moved during the Week Ended July 29

MAP prices

In the week ended July 29, 2016, average MAP (monoammonium phosphate) prices in Brazil inched up $354 per metric ton from the previous week. MAP prices rose 1% week-over-week. That’s a big positive for fertilizer producers who worry that more price declines could hurt their margins.

MAP prices have had consolidates at the current levels for a few weeks. Last week’s increase may show signs of a positive direction for prices.

MAP is the second-most-used phosphate fertilizer after DAP (diammonium phosphate).

How MAP Prices Moved during the Week Ended July 29

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Year-over-year prices

In the week ended July 29, 2016, average MAP prices were lower than they were a year earlier. They averaged $354 per metric ton last week, which was 25% lower than their average price of $474 per metric ton in the same week last year.

Fertilizer companies and ETFs

Despite MAP prices falling over the past year, they seem to be recovering and staying above the low of $329 per metric ton that we saw in the second half of February 2016.

Mosaic (MOS), PotashCorp (POT), Israel Chemicals (ICL), and Agrium (AGU) produce phosphate fertilizers. They’re impacted by falling fertilizer prices. You can consider investing in the iShares Global Materials (MXI), which invests about 3.7% of its portfolio in DuPont (DD) and ~3% in Monsanto (MON).

In the next part of this series, we’ll look at prices for potash fertilizers, the third key crop nutrient after nitrogen and phosphate.

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