DAP looks set for further rises, with the latest tender for DAP/MAP from Jordan into India at $629 pt CFR, translating to near $610 pt FOB.
Also, there are imminent Chinese government policy changes that are looking like blocking finished phosphate fertilizer exportd for 6 months from December.
The bullish case for fertilizer, phosphates in particular, is continuing. As this develops, I am expecting that MAK will secure the deals it needs to progress the Wonarah phosphate project.
DAP looks set for further rises, with the latest tender for...
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