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India's May DAP domestic output reached 393,000 t, the highest monthly level since August 2024. Imports were 132,000 t, and inventories rose 33,000 t to a level above May sales.
Rising domestic output and inventories reduce India's need for imported DAP, which is bearish for international DAP prices, though seasonal demand is expected to rise later in 2026.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.