Global DAP/MAP prices flatline as Chinese suppliers meet

摘要

Global DAP/MAP prices stalled this week with limited activity due to the ongoing Eid al Adha holidays as Chinese suppliers met to discuss next steps for export volumes and pricing. The Chinese government set up a meeting of key market players on 22 July in an attempt to guarantee fertilizer supply in the domestic market and help stabilise fertilizer prices, under the threat of unlikely export taxes.