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Fauji Fertilizer (FFC) and Fauji Fertilizer Bin Qasim (FFBL) raised DAP retail prices by Rs307 per bag effective January 16, 2024. DAP sales fell 51% month-on-month in December 2023 after peak Rabi-season demand in November, while CY23 offtake rose 31% year-on-year.
A retail price increase by the two largest Pakistani DAP producers signals firmer phosphate costs for Pakistani farmers and feed-related inputs. The pricing move comes despite weak December volumes.
mettisglobal.newsMG NewsJan 11, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
