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Nola DAP trades higher

  • Market: Fertilizers
  • 07/03/22

US DAP barge values extended gains as buyers prepare for the upcoming fall application season amid import-driven supply concerns.

A second-half March DAP barge this morning traded at $950/st fob Nola, $25/st higher than trade on 4 March, as long-term supply uncertainty stemming from Russia's invasion of Ukraine compounds with a seasonal uptick in demand at the port.

Sellers continue to cite comparatively tighter DAP supply, versus MAP, amid expectations for a thin first quarter import line-up.


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