Soft commodities · DIAPH

DAP fertiliser price

DAP fertiliser currently trades at US$785.00 per tonne (≈ €667.62 · £585.06) — close to the 12-month high. Over the past 12 months it has gained 18.49%, with the annual range running from US$610.00 to US$806.00. 24-hour movement is minimal (±0.00%).

US$785.00 / tonne
≈ €667.62 ≈ £585.06 Unchanged 24h 89% within the 52-week range
FX Editorial Team · Data updated: · Editorially verified
DAP fertiliser (DIAPH) price today US$785.00 / tonne, ↑ +0.00% (24h)

DAP fertiliser chart

Interactive chart and 30-day overview

7 days
▼ −0.95%
−US$7.50
30 days
▲ +8.28%
+US$60.00
1 year
▲ +18.49%
+US$122.50
52-week range
US$610.00 89% US$806.00
DAP fertiliser (DIAPH) 30-day price chart — USD, EUR, GBP

The DAP fertiliser chart shows how the dap fertiliser price has moved over time. The interactive view lets you switch the timeframe (from 7 days up to MAX), the currency (USD / EUR / GBP) and overlay moving averages. Click any two points to measure the percentage change between those dates.

How is dap fertiliser priced?

DAP fertiliser is priced per metric tonne (1 t = 1,000 kg) — the standard unit for industrial and bulk commodities on the London Metal Exchange (LME), CME and major European exchanges. Wholesale shipments move in containers or bulk vessels, typically in 25-tonne or 100-tonne lots.

At US$785.00 per tonne, one kilogram is worth US$0.7850. End-user pricing for processed goods includes refining margins, transport and tariffs on top of the wholesale benchmark.

What drives the price of DAP fertiliser?

The deepest structural driver of DAP pricing is the concentration of phosphate rock mining. According to the US Geological Survey Mineral Commodity Summaries, about 70% of global phosphate rock reserves are in Morocco and Western Sahara, and they are mined almost entirely by the state-owned OCP Group in the Khouribga and Boucraâ-Laâyoune basins. Other major producers — China (~85 Mt of phosphate rock a year), Morocco (~40 Mt), the United States (~20 Mt, mainly from Florida’s Bone Valley and North Carolina mines), Russia (~14 Mt) and Jordan (~10 Mt) — together do not hold reserves on the same scale as OCP alone. This concentration makes OCP’s export pricing the de facto reference point for the global DAP market.

Another source of price volatility is the system of Chinese export quotas and export taxes. China is the world’s largest DAP producer. Of global annual DAP output of about ~35 Mt, Chinese plants produce ~13 Mt, the US group Mosaic produces ~7 Mt, OCP produces ~3 Mt and PhosAgro also produces ~3 Mt. But the Chinese government regularly restricts exports during domestic spring and autumn sowing periods through export quotas and higher export taxes, in order to secure phosphate supply for local farmers and protect food security. A quota announcement can move Argus FOB Tampa and FOB Saudi Arabia assessments within days, because China accounts for a material share of global DAP trade.

Demand is led by South Asia and Latin America. India is the world’s largest DAP importer, bringing in about ~10 Mt a year and covering most domestic use through imports. Purchases are co-ordinated through Indian Potash Limited and the government subsidy system. The Department of Fertilizers sets a maximum retail price each year, while the central budget covers the gap between the global FOB price and the domestic controlled price. This subsidy mechanism dulls India’s price sensitivity, but the scale of import demand means new tender announcements have an immediate market impact. Brazil, with about ~5 Mt of DAP imports a year, is also a net importer. The rapid expansion of Brazilian soybean and maize acreage is one of the more persistent drivers of global phosphate demand. The International Fertilizer Association (IFA) and Fertilizer Week publish these trade flows quarterly.

How to invest in DAP fertiliser exposure

In the absence of a liquid retail futures market for DAP, access is usually indirect, through listed phosphate and fertiliser producers. The main listed companies are Mosaic Company (MOS — the largest US DAP/MAP producer, listed on the New York Stock Exchange) and Nutrien (NTR — a Canadian-US integrated phosphate and potash producer, listed on the NYSE and TSX). Norway’s Yara International (YAR.OL — Oslo) focuses mainly on nitrogen fertilisers, but it also has phosphate products. OCP Group is not listed and remains owned by the Moroccan state. PhosAgro is not available through many European brokers because of western sanctions. Two regulated brokers with English-language platforms where Mosaic, Nutrien and Yara shares are available:

30-day price history

Chart and daily closing prices

DAP fertiliser (DIAPH) 30-day price chart — USD, EUR, GBP

Daily close

30 trading days

Date Price (USD) Price (EUR) Price (GBP) Daily change
23 May 2026 US$785.00 €667.62 £585.06 ▼ −0.32%
22 May 2026 US$787.50 €669.75 £586.92 ▼ −0.63%
15 May 2026 US$792.50 €674.00 £590.65 ▲ +0.32%
14 May 2026 US$790.00 €671.87 £588.79 ▲ +0.64%
13 May 2026 US$785.00 €667.62 £585.06 ▲ +0.13%
12 May 2026 US$784.00 €666.77 £584.32 ▲ +3.50%
2 May 2026 US$757.50 €644.23 £564.56 ▼ −0.33%
1 May 2026 US$760.00 €646.36 £566.43 ▲ +5.19%
30 Apr 2026 US$722.50 €614.46 £538.48 ▼ −0.34%
22 Apr 2026 US$725.00 €616.59 £540.34 ▲ +0.35%
20 Apr 2026 US$722.50 €614.46 £538.48 —

Frequently asked questions about DAP fertiliser

What do DAP and 18-46-0 mean? +
DAP stands for diammonium phosphate, with the chemical formula (NH₄)₂HPO₄. It is the world’s most widely used solid phosphate fertiliser. The 18-46-0 label is the fertiliser industry’s standard nutrient analysis: 18% nitrogen content (N), 46% phosphorus pentoxide content (P₂O₅) and 0% potassium oxide (K₂O). This means 100 kg of DAP granules delivers 18 kg of nitrogen and 46 kg of P₂O₅-equivalent phosphorus to the soil. 18-46-0 is one of the most common high-phosphorus solid fertilisers, making it a standard product for pre-sowing base fertilisation.
Why is DAP futures trading not straightforward? +
The fertiliser market is too physically heterogeneous to be easily standardised into a single exchange-traded contract with physical delivery. Particle size, granule hardness, sulphur content and trace-element content can differ. Pricing instead takes place through weekly FOB assessments published by price reporting agencies such as Argus Phosphates, CRU Group Fertilizers, Fertilizer Week and ICIS, quoted in dollars per tonne. The two most important benchmarks are FOB Tampa, linked to Mosaic’s US Gulf Coast export hub, and FOB Saudi Arabia, linked to Ma'aden’s Ras Al-Khair plant. Large physical contracts are typically indexed to these published assessments.
How large is global DAP production and who are the biggest producers? +
According to the International Fertilizer Association (IFA), annual global DAP production is about 35 million tonnes. The largest producer is China (~13 Mt), followed by the United States (~7 Mt, mainly Mosaic’s plants in Florida and Louisiana), Morocco (~3 Mt, OCP’s Jorf Lasfar complex) and Russia (~3 Mt, PhosAgro). Saudi Arabia (Ma'aden), Tunisia and Jordan are also significant exporters. Global trade typically accounts for about one-third of production, with the rest used domestically in producing countries.
Why are phosphate rock reserves so concentrated in Morocco? +
According to the US Geological Survey Mineral Commodity Summaries, about 70% of proven global phosphate rock reserves are in Morocco and Western Sahara. The remaining reserves are split among China, the United States, Algeria, Syria, Russia and Jordan. Morocco’s reserves are mined almost entirely by the state-owned OCP Group in the Khouribga, Youssoufia and Boucraâ-Laâyoune basins. The concentration reflects historical geology: Morocco’s coastal sedimentary formations contain unusually thick layers with high P₂O₅ content, formed during the Cretaceous and Eocene periods. As a result, OCP’s export pricing has become the de facto reference point for the global DAP market.
How do Chinese export quotas affect the world price of DAP? +
China is the world’s largest DAP producer and also the largest fertiliser-consuming nation. During domestic spring and autumn sowing periods, the Chinese government regularly limits phosphate fertiliser exports through export quotas and higher export tariffs, in order to secure supplies for local farmers and protect food security. Such quota announcements can move Argus and CRU FOB assessments within days, because Chinese volumes removed from global DAP trade are hard to replace in the short term. Market participants therefore closely follow monthly export statistics from China’s General Administration of Customs and statements from the NDRC in Beijing.
Why is India the largest DAP importer? +
Indian agriculture operates on soils that are often heavily phosphorus-deficient, while the country’s domestic phosphate rock reserves are limited and lower quality. As a result, India is the world’s largest importer, bringing in about ~10 million tonnes of DAP a year. Purchases are handled partly by the state-linked Indian Potash Limited and partly by private importers. The Department of Fertilizers sets a maximum retail price each year. The gap between the global FOB price and the domestic controlled price is reimbursed to importers by the central budget through the Nutrient-Based Subsidy (NBS) system. A new Indian tender announcement typically has an immediate upward effect on global FOB Tampa assessments.
What does sanctions risk mean for PhosAgro and Russian phosphate exports? +
Russia’s PhosAgro and EuroChem used to be major players in global DAP exports, together accounting for 3-4 million tonnes a year. Western sanctions have made shipments to Europe and North America more difficult. Phosphate fertiliser is not directly sanctioned because of food-security exemptions, but bank transactions, marine insurance and access to western ports are more complicated. Many European brokers and exchanges have delisted PhosAgro shares or suspended trading. In practice, part of Russia’s phosphate exports has been redirected to India, Brazil and other emerging markets, while European and US buyers have shifted to Moroccan (OCP) and Saudi (Ma'aden) suppliers.
Mosaic, Nutrien or Yara — which stock gives the cleanest DAP exposure? +
The three companies have different profiles. Mosaic Company (MOS — NYSE) has the clearest DAP/MAP exposure. Its phosphate segment is the largest player in the US phosphate fertiliser market, and its Florida and Louisiana plants together produce about ~7 Mt of DAP/MAP products a year. It also mines potash. Nutrien (NTR — NYSE/TSX) is more integrated, with potash, nitrogen and phosphate products as well as an agricultural retail network, Nutrien Ag Solutions. Norway’s Yara International (YAR.OL — Oslo) focuses mainly on nitrogen fertilisers such as ammonia, urea and ammonium nitrate. It has phosphate products, but its share price is more heavily influenced by natural gas and nitrogen markets. Among the three, Mosaic has the clearest phosphate exposure.

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Data sources: Argus Phosphates — Weekly Price Assessments · CRU Group — Fertilizers Market Outlook · International Fertilizer Association (IFA) — Statistics · USGS Mineral Commodity Summaries — Phosphate Rock