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Pakistan's DAP inventories rose in May despite a second month with no imports, because farmer demand fell to 61,000 tonnes against a five-year seasonal average of 94,000 tonnes. Domestic production was steady at 78,000 tonnes.
International DAP prices have eased since the June 15 US-Iran peace agreement, to USD 925-950 per tonne CFR, and Pakistani importers are holding off on purchases.
Weak seasonal demand and buyer hesitation point to softer near-term phosphate pricing in South Asia, even though global levels remain high by historical standards. Importers waiting for further declines reduce spot buying and add downward pressure on DAP.
fertilizerdaily.comKim ClarksenJun 29, 2026Not 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.
