Indian demand to drive phosphate prices as Middle East producers manage output

Published: Tuesday, 23 September 2014

Sustained fertiliser subsidies and recovery in the global economy are expected to support phosphate consumption until at least 2017, analysis by Societe Generale shows.

By Wayne Yamada

Diammonium phosphate (DAP) prices are set to rise this year and beyond, due to renewed Indian fertiliser demand, according to the latest forecast by French bank Societe Generale (SocGen).

The price of DAP FOB Tampa, Florida, is expected to average $485/tonne in 2014 and rise to $499/tonne...

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