The price of MAP in Brazil keep high this week, although the increasing is slower than in past months. The export transaction CFR price of Russian MAP was US$760/ton , and the transaction CFR price of small batches was US$770/ton, which was higher than the transaction price of US$758-760/ton in last

Driven by the Brazilian market this week, the prices of MAP and DAP are operating stably. Due to the market sales of MAP in Morocco and Russia, the price of MAP in Brazil rose by US$25/ton to US$745-750/ton CFR. The price of MAP in the United States has relatively stagnated, rising only slightly to

This week, India announced to increase the fertilizer subsidies to boost sentiment in the global phosphate market. India has increased the subsidy with more than doubled for DAP and lowered its domestic selling price, alleviating the pressure on farmers, which will boost the import demand. At th

Pakistan, India, Brazil continue to purchase Indian continue to purchases this week. Pakistan purchased four vessels of DAP, and maybe they will purchase two more vessels at a CFR price of US$568-569/ton. At present, India's import volum have reached 828,000 tons in June, almost same as the 835,000

Increased market activity in the East and the WestThe activity of the global phosphate market has rebounded, there are new orders have been placed in east and west of Suez. Morocco OCP sold nearly 100,000 tons of MAP to Brazil at a CFR price of US$605-615/ton, and the transaction price of Russia MAP