Tariffs Lead to Phosphate Shortage TheThe commodity groups noted, "As a result, critical sources of imported supply have been shut out of the U.S. market, and the costs of fertilizers have increased for farmers."
DAP is now averaging $810 a ton, as DTN's fertilizer column highlighted last week. DAP topped $800 a ton for the first time since December 2008 and 82% higher than a year ago. MAP is averaging $863 a ton, up 81% from a year ago. (See )
The commodity groups added that Mosaic's control of the phosphate market has grown from 74% to more than 80%, "gaining a near-monopoly over the phosphate fertilizer supply in the U.S." The letter notes Mosaic's stock price has quadrupled since March 2020.
https://www.dtnpf.com/agriculture/web/ag/crops/article/2021/11/01/farm-groups-raise-concerns-phosphate