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Prices for Di Ammonium Phosphate (DAP) in the US showed a short-lived rebound in early February **** after a steady weakening through January, driven largely by tepid farm-level buying and ample import flows. Early January DAP market activity was range-bound as winter arrivals improved on-hand inventory, while mid- to late-January saw growers delay spring pre-buy programs and adopt precision-agriculture tactics that reduced per-acre DAP demand. Meanwhile, DAP distributors entered the planting season with comfortable coverage, keeping spot activity muted. The imminent Feb鈥揂pr planting window remains a key watch-list item that could underpin offtake, but as of late January procurement remained cautious across the corn-belt.
Sector dynamics underscored the softness: the agriculture sector, particularly row crops in the US corn-belt, remained weak as agronomists reported wider adoption of variable-rate placement and partial substitution toward MAP and APS blends, curbing DAP fertilizer application and spring pre-buy...
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