
DAP import prices in India reached $810 per tonne, while opening DAP stocks on June 1, 2025 were 12.4 lakh tonnes, about 42% below the prior year. Farmers in parts of India face DAP shortages and black marketing is rising.
Officials attribute the price surge mainly to China's DAP export ban.
Shrinking Indian import volumes and low stocks point to continued firm DAP prices into the Kharif season. Tight phosphate supply raises input costs for crop producers that supply feed grains and oilseeds.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), 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.