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A shortage of DAP fertiliser is hurting sowing prospects for India's rabi crop, with farmers facing tight supply at sowing time. Good monsoon rains and fuller reservoirs have encouraged farmers to plant more area despite high prices.
Tight Indian phosphate supply supports DAP prices and may increase import demand, adding upward pressure on global phosphate costs.
indianexpress.comHarish Damodaran22 oct 2024Tras 193 eventos alcista de comercio pasados, DAP se movió una mediana de +0,4 % en 5 sesiones (54% al alza; mitad central entre -0,3 % y +1,8 %), y +1,9 % 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.
Reports of tight DAP supply in India at rabi sowing, with strong demand and high prices, plausibly supported DAP prices in the days before the 2024-10-25 move.
Reports of an Indian DAP shortage at rabi sowing time imply urgent import demand from the largest DAP buyer, a plausible driver of the price rise.
