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China's export restrictions have sharply cut its DAP shipments, shrinking India's opening stocks for the kharif season to 12.4 lakh tonnes, well below last year. Indian sowing is advancing on above-average monsoon rain.
Reduced Chinese phosphate exports tighten global DAP supply, supporting prices as India needs stock for planting.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.