Fertilizer price today July 18, 2022: DAP fertilizer price is expected to increase

fertilizer prices today July 18, 2022: DAP fertilizer prices are expected to continue to rise after China continued to restrict phosphate exports. Reuters news agency quoted information from major Chinese phosphate producers as saying that the quota is much lower than the export level of last year, indicating an expansion of market intervention to stabilize domestic prices and protect food security in the context of global fertilizer prices hovering near record highs. Last October, China also restricted exports by introducing new inspection certificate requirements for fertilizers and related materials, contributing to tightening global supplies. Fertilizer prices have increased due to sanctions on major producers Belarus and Russia, while high grain prices are boosting demand for phosphate and other plant nutrients by farmers around the world. China is the world’s largest exporter of phosphate, shipping 10 million tonnes last year, accounting for about 30% of world trade, according to Chinese customs data. The biggest buyers are India, Pakistan and Bangladesh.

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