Diammonium Phosphate Prices Surge by 50% on High Freight Rates and China’s Curbing Exports
Oct 22, 2021
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Since the beginning of 2021, the average global price for diammonium phosphate (DAP) soared by +53%, reaching $644 per ton in September. High freight rates and energy costs became the main reasons for this spike. Announced suspension of exports from China’s major fertilizer producers could drive further price increases. China represents the largest DAP exporter worldwide, accounting for 34% of the global export volume. Last year, China sharply reduced DAP exports to India and Pakistan, while the shipment to Vietnam spiked by +16.5% y-o-y in physical terms.