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Pakistan's Finance Minister Ishaq Dar asked DAP manufacturers to cut fertiliser prices to give farmers relief. FFBL, the only local DAP producer, agreed to consider a significant price reduction.
The government cited flood losses and high input costs.
A government-brokered price cut at the sole domestic DAP producer would lower Pakistani phosphate input costs, though the effect on world DAP prices is limited.
brecorder.comRecorder Report28 oct 2022Tras 50 eventos bajista de política pasados, DAP se movió una mediana de +0,9 % en 5 sesiones (62% al alza; mitad central entre -0,1 % y +1,6 %), y +0,9 % 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.
Pakistan's finance minister secured FFBL's agreement to consider a significant DAP price cut on the same day, a sentiment and local price-pressure signal that could contribute to a sharp DAP drop, though Pakistan's domestic cut alone is unlikely to explain a -8 sigma global move.
