The Indian government intervened on DAP prices this week, with the Fertilizer Ministry ordering importers to limit purchases to $920/t cfr. Prior to the announcement, it was trading at $1,030/t cfr, which is more than $100/t higher than the breakeven point given retail prices and subsidy levels. The

This week, China is on the National Day holiday, and the global phosphate market activity has slowed down. Brazil MAP prices fell further to 1175-1210 US dollars / ton CFR. Despite more favorable crop fundamentals, farmers remain resistant to current high prices. Importers are still hesitant, but de

This week, the urea deal received the most attention in Europe, as new demand in the region increased, while demand in other regions was notably lacking.Large tonnages in northern and western Europe are trading at $800-850/t cfr as buyers step in for granular and granular urea. The first "new season

The price gap between east and west narrowsThe east-west spread narrowed slightly this week,Chinese DAP prices rising in the latest sales in Southeast Asia, while DAP prices to Brazil were weaken slightly. The selling price of China's DAP in the Philippines is US$1,150/ton CFR, and the FOB price is

The international urea market has fallen for two weeks, and there is still no support point in the next week.Import demand in all major markets is low, same as the past 3-4 weeks. Europe and North America have already met most of the demand in spring, Brazil is in the off-season, and the demand in S