
Morocco's OCP expects its phosphate exports to India, including DAP and rock phosphate, to reach about 2.5 million tonnes in 2025, up from about 1.8 million in 2024. OCP also expects similar volumes in 2026 and is shifting toward customised blended fertilisers.
A roughly 40% rise in supply to India adds phosphate availability in a key import market, which can cap DAP price gains while the shift to blends affects product mix.
After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% over 20.
Not 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.