US DAP barge values continued to climb this morning as uncertainty stemming from the conflict in Ukraine compounded with tight nearby availability at New Orleans.
A March DAP barge this morning traded at $895/st fob Nola, a $30/st increase from Monday, as buyers vie for limited near-term availability ahead of the spring application season.
Industry participants maintain that DAP remains comparatively tighter versus MAP, likely the product of a thin first quarter import lineup. But should Russia's invasion of Ukraine impact the flow of Russian phosphate exports, importers agree MAP would become disproportionately tighter into the summer and fall.
