In the first half of August xxxx, Saudi Arabian market players raised the Diammonium Phosphate (DAP) prices notably by xx.xx. China&#xx;s withdrawal from the fertilizer export market has reshaped global demand, leading to increased interest and higher prices, especially from Australia, Africa, and Nepal. Significant short-covering and inquiries from Latin America, along with preparations for shipments to Ethiopia, highlight strategic adjustments to the evolving supply landscape and underscore the crucial role of fertilizers in global agriculture. In China, Exports of di-ammonium phosphate (DAP) fell xxx in the first half of the year, reaching x.xx million tons, while mono-ammonium phosphate (MAP) exports remained steady at xxx,xxx tons. Concerns about rising government intervention and unreliable Chinese supplies have led Asian fertilizer buyers to seek DAP alternatives from Russia, Vietnam, Egypt, and the Middle East.
The demand for DAP remained robust as buyers increased...
