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Pakistan's DAP price rose by Rs300 per bag to Rs10,886, bringing its increase this month to Rs510. The rise followed sharp rupee depreciation and higher input costs, and DAP offtake in December 2022 grew 35.2% year on year.
A weaker local currency raises landed import costs for phosphate, pushing domestic DAP prices higher. Buyers in Pakistan face higher phosphate costs, and the currency pressure keeps upward pressure on prices.
mettisglobal.newsMG News8 feb 2023Tras 28 eventos alcista de macro pasados, DAP se movió una mediana de -0,2 % en 5 sesiones (36% al alza; mitad central entre -0,9 % y +1,3 %), y -0,8 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Rupee depreciation and higher input costs pushed Pakistan's DAP price up Rs300 per bag, showing firm import-driven pricing and demand that may have supported global DAP prices.
