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DAP prices in the international market reached $720 per tonne, up from $640 in February, according to industry sources. An Indian company finalized an import deal at that level, and the government will absorb the higher costs as imports remain loss-making for companies.
Rising DAP import prices into India, a major buyer, add upward pressure on global phosphate values and increase government subsidy burdens.
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.