The limited availability of phosphates in the US, especially with the idling of Mosaic's Plant City facility in Florida, is forcing up prices domestically on top of already rising international prices. 6385656 US DAP prices vs soybean The suspension of production from the Mosaic plant has removed around 320,000 tons per quarter from domestic supplies and had contributed to the 43% rise in Diammonium phosphate (DAP) and Monoammonium phosphate (MAP) imports from January to June of this year, while exports have also fallen 11% to 1.69 million tons. In addition, a recent report by the US Geological Survey (USGS) shows that global demand for phosphate increased at an annual rate of about 2% between 2008 and 2012.
The limited availability of phosphates in the US, especially with the idling of Mosaic's Plant City facility in Florida, is forcing up prices domestically on top of already rising international prices. The suspension of production from the Mosaic plant has removed around 320,000 tons per quarter from domestic supplies and had contributed to the 43% rise in Diammonium phosphate (DAP) and Monoammonium phosphate (MAP) imports from January to June of this year, while exports have also fallen 11% to 1.69 million tons. In addition, a recent report by the US Geological Survey (USGS) shows that global demand for phosphate increased at an annual rate of about 2% between 2008 and 2012.