# Taking cue from global market, DAP prices jump

> Pakistan's Engro Fertilisers raised DAP prices by Rs400 per bag to Rs4,350, effective January 7, 2021. The increase followed a roughly $35 per ton rise in international DAP over two months, which analysts linked to Covid-19 disruptions and a shortage in the world market. Analysts expect other local producers to follow and urea prices to rise as phosphoric acid costs increase.

- Date: 2021-01-07 · published 2021-01-07T12:00:00.000Z
- Category: logistics · region Pakistan · magnitude medium
- Page: https://feedsoft.ai/events/11958-taking-cue-from-global-market-dap-prices-jump
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Covid-related supply disruptions and higher phosphoric acid costs are tightening global DAP supply and lifting import parity prices. Higher phosphate and urea costs raise fertiliser expenses for Pakistani farmers and can squeeze crop margins.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2021-09-20 | [Market Morsel: Fert Pricing Pain - AIRR](https://feedsoft.ai/events/45371-market-morsel-fert-pricing-pain-airr.md) | +0.2% | +6.0% |
| DAP | 2021-02-19 | [Fertilizer freight rates jump to new highs \| Latest Market News](https://feedsoft.ai/events/48522-fertilizer-freight-rates-jump-to-new-highs-latest-market-news.md) | -1.5% | -1.7% |
| DAP | 2024-01-18 | [Global shipping delays will affect fertilizer prices - Brownfield Ag News](https://feedsoft.ai/events/32437-global-shipping-delays-will-affect-fertilizer-prices-brownfield-ag-news.md) | +0.8% | -1.3% |
| DAP | 2023-09-20 | [Earthquakes in Morocco Cause Supply Affliction for Phosphoric Acid, Impacting Global Fertilizer Market](https://feedsoft.ai/events/34431-earthquakes-in-morocco-cause-supply-affliction-for-phosphoric-acid-impacting.md) | +0.9% | +1.6% |
| DAP | 2021-06-21 | [Fertiliser prices continue to increase: MoIT](https://feedsoft.ai/events/46891-fertiliser-prices-continue-to-increase-moit.md) | -0.2% | -1.3% |
| UREA | 2021-09-20 | [Market Morsel: Fert Pricing Pain - AIRR](https://feedsoft.ai/events/45371-market-morsel-fert-pricing-pain-airr.md) | +3.8% | +40.5% |
| UREA | 2021-02-19 | [Fertilizer freight rates jump to new highs \| Latest Market News](https://feedsoft.ai/events/48522-fertilizer-freight-rates-jump-to-new-highs-latest-market-news.md) | +1.5% | +11.7% |
| UREA | 2024-01-18 | [Global shipping delays will affect fertilizer prices - Brownfield Ag News](https://feedsoft.ai/events/32437-global-shipping-delays-will-affect-fertilizer-prices-brownfield-ag-news.md) | -0.6% | +12.2% |

## Sources

- tribune.com.pk: https://tribune.com.pk/story/2279118/taking-cue-from-global-market-dap-prices-jump

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.