Phosphoric Acid Price Trend and Forecast
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- Published date: July 22, 2022
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- Camden Wyoming, Aiea, Georgia, United States
3333225866
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During the first quarter of 2022, the Phosphoric Acid Price in the North American region witnessed several gyrations amidst the persistent hindrances in the global commodity cycle. According to the UN FAO, the food pricing index peaked in December 2021, and since then the situation further worsened as the food prices constantly witnessed the impact of inflation on the global front. The demand from the European market soared drastically after the Chinese and Russian supplies for Phosphate based fertilizers were difficult to procure after the authorities-imposed restrictions on exports to the overseas market or increased the tariffs. As a ripple effect, the prices of Phosphoric Acid in the US market remained buoyed throughout the first quarter and the discussions were settled at USD 2238 per tonne in March of 2022.
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