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Inside Milk
Phosphate rights price remains hanging
1 April 2020 - Chanti Oussoren
Trading on the phosphate rights market has not picked up since last week, the market is still very calm. The average price remains at the same level as last week.
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In general, the market picture this week remains the same as last week. The DCA quotation is therefore again €123 per right. There is virtually no trade in leasing rights.
The price of phosphate rights has fallen considerably in recent weeks because there is little demand. The coronavirus and falling milk prices create uncertainty. It is not inconceivable that the price will come under more pressure in the near future, traders indicate.