The global market for diammonium phosphate (DAP) is expanding rapidly in June 2025, driven mostly by high exports from China and Morocco. In order to circumvent seasonal delays and regulatory obstacles, importers from Asia, Europe, and the Americas are speeding up their orders. Despite low local inventories and increasing port congestion, Chinese traders are preferring exports because of the higher margins. Morocco is increasing its exports in response to high demand from Pakistan, France, and India. Early purchases are being prompted, especially in Europe, by anticipated EU levies on Russian fertilizers. In anticipation of a turbulent summer, the DAP market is preparing for tighter supply, increased demand, and impending regulatory changes.
