US (Gulf) DAP Price Report: June 2023 Updates and Analysis

The US (Gulf) DAP (Diammonium Phosphate) Spot Price for June 2023 is recorded at US $454.5 per ton, reflecting a noticeable decline of 10.8% compared to May 2023 when prices were at US $510 per ton. Moreover, in a year-on-year comparison, June 2023 prices stand significantly lower, showing a substantial drop of 42% from June 2022 figures of US $783.7 per ton. These price variations underscore the current downward trend in the global DAP market, highlighting the decreased market value and potential affordability for buyers in the industry.