Thursday, 20 March 2008

The phosphorus crisis − 2

A quick update on the price of DAP (diammonium phosphate). Latest prices are given in The Market. The issue of 13 March 2008 quoted a DAP price of USD 1000−1010 per tonne (Tampa, fob). Even higher was Moroccan DAP, sold at USD 1,110 per tonne fob, an increase of USD 140 per tonne in a single week. The value of urine is clearly on the up and up!