Key Highlights-
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In China, MAP prices witnessed a decline for the second consecutive month amid the ongoing affordability concerns.
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Surge in the production costs did not impact the prices of MAP amid the weak seasonal demand from the downstream agrochemical sector.
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Export quotas were announced; however, the actual export activities lagged.
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The downstream agrochemical sector&#**;s inactivity in August kept the MAP market dynamics under pressure, with limited domestic offtake. While India and Ethiopia continued to demand MAP, other countries were cautious on pricing, which stifled export opportunities. In China, producers relied on stable NPK blending to keep production rates consistent while awaiting the seasonal uptick in volume from September. The recent uptick in export quotas, still below historical norms, represented an organizational shift to pivot back to global markets. Planners were given a level of urgency with export...
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