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The Indian government says reports of a DAP shortage are misleading, noting the farm-gate MRP has stayed at Rs 1,350 per bag and subsidy has been increased through two Cabinet decisions. It also cites availability pressure from geopolitical factors and longer shipping routes around the Cape of Good Hope.
Government subsidy support keeps domestic DAP procurement stable, but longer shipping routes and global supply strain still limit import availability and support phosphate prices.
pib.gov.in23 oct 2024Tras 151 eventos alcista de política pasados, DAP se movió una mediana de +0,0 % en 5 sesiones (50% al alza; mitad central entre -0,6 % y +0,9 %), 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.
Indian government statement on DAP availability pressure from geopolitics and longer shipping routes, plus subsidy increases, points to strong Indian import demand and tight supply, which supports DAP prices.
The government acknowledged availability pressure from geopolitical factors and longer shipping routes and raised subsidies, which supports import demand and a firmer DAP price, though it also denied a shortage.
