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DAP Fertilizer Prices Rose Last Week

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DAP prices

The prices for DAP (diammonium phosphate) in most of the regions of the world saw positive momentum last week. Among the seven regions discussed below, Morocco saw the steepest increase in DAP prices while prices in Central Florida in the US (MOO) were broadly flat over the same period.

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Weekly movements

For the week ending November 24, DAP prices in Morocco rose by as much as 1.6% week-over-week to $358 per metric ton from $379 per metric ton. China followed with a 1.3% weekly increase in DAP prices to $392 per metric ton from $387 per metric ton.

DAP prices in Saudi Arabia rose by 76 basis points to $397 per metric ton from $394 per metric ton. In the US, DAP prices in Tampa rose by 53 basis points week-over-week to $377 per metric ton from $375 per metric ton. Similarly, prices in NOLA (New Orleans) rose by as much as 29 basis points week-over-week to $318 per metric ton from $317 per metric ton. DAP prices in Central Florida were broadly flat week-over-week at $327 per metric ton.

DAP prices in India also saw positive momentum last week, rising by 26 basis points week-over-week to $387 per metric ton from $386 per metric ton a week ago.

Related stocks rose

The positive momentum in phosphate prices last week may explain why Mosaic (MOS), PotashCorp (POT), Agrium (AGU), and Israel Chemicals (ICL) ended last week in the positive territory.

Next, we’ll discuss the weekly movements in MAP (monoammonium phosphates) prices.

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