uploads///DAP Prices

How DAP Prices Performed for the Week Ended April 20



Phosphate fertilizers

Last week, which ended on April 20, prices for DAP (diammonium phosphate) fertilizer were flat to positive except for Morocco, which experienced a weekly decline in prices.

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Weekly movements

Three of the seven locations in the above chart saw a weekly gain, while three experienced a sideways momentum. NOLA (New Orleans) saw the biggest gain among all the locations with a 78-basis-point weekly increase to $350 per metric ton from $347 per metric ton the previous week. It was followed by China, which saw a 74-basis-point weekly gain to $411 per metric ton from $408 per metric ton the previous week. DAP prices in India gained 24 basis points to $426 per metric ton from $425 per metric ton.

Tampa, Central Florida, and Saudi Arabia experienced a sideways movement in DAP prices last week. DAP prices in Tampa were $408 per metric ton. In Central Florida, DAP prices were $358 per metric ton, and in Saudi Arabia, they were unchanged at $417 per metric ton.

In Morocco, DAP prices declined 24 basis points week-over-week to $415 per metric ton, from $416 per metric ton the previous week.

Yearly movements

Year-over-year, DAP prices in NOLA (New Orleans) rose 23%, and in Central Florida, they rose 18%. In India, prices rose 16%, and in both Saudi Arabia and China, DAP prices rose 15%. In Tampa, DAP prices rose 12%, and in Morocco, they rose 10% year-over-year.

At each of these locations, DAP prices were higher by double digits, supporting (NANR) Mosiac (MOS), Nutrien (NTR), and Israel Chemicals (ICL).


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