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India's Fertilizer Ministry says it is acting to boost DAP availability after shortages at local level, citing 60% import dependence. The government blamed reduced exports from some global suppliers and Red Sea shipping diversions.
October and November account for 65-70% of Rabi season DAP demand.
Tight Indian DAP supply and Red Sea rerouting support import demand and firm global phosphate prices. Indian buying during peak season can pull supply from export markets.
thehindubusinessline.comBL New Delhi BureauNov 28, 2024After 40 past logistics events, DAP moved a median +0.4% over 5 sessions (57% higher; middle half -0.6% to +0.9%), and +1.1% over 20.
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.
