Strong demand and high affordability supported further DAP/MAP price recovery in Latin America and Europe this week though prompt US New Orleans prices stalled and east of Suez prices have yet to see any improvement. Recent production/export curtailments from Mosaic, OCP, PhosAgro and Chinese suppliers have now helped bring average DAP/MAP prices up $30-40/t in the Americas and $15/t in Europe from 12-13-year lows at the end of 2019.
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