LONDON (ICIS)--Production of diammonium phosphate (DAP) and monoammonium phosphate (MAP) in May 2014 fell 4% year on year to 455,000 short tons but was up 10% compared with a month earlier, according to data from The Fertilizer Institute (TFI) on Wednesday.
Closing inventories in May finished at 481,000 short tons, up 8% from April but 8% lower than in May 2013.
Meanwhile, May 2014 producer disappearance totalled 418,000 short tons, down 9% from April and 12% lower than May 2013.
According to data from TFI, US May DAP/MAP exports totalled 248,051 short tons, down by 4% on the 258,314 short tons exported in May 2013.
The main market was Canada with 48,605 short tons, followed by Brazil with 48,033 short tons and India with 27,887 short tons.
Data is in short tons of P205 for DAP/MAP combined due to changes in the TFI reporting.