Loading…
Bangladesh's state buyer BADC agreed in December to import 1.2 million tons of DAP from Saudi Arabia's Ma'aden at USD 743 per ton, above the roughly USD 600 current import price. Purchases of DAP from Morocco at USD 584.50 and from China and Saudi Arabia at lower prices were approved earlier.
The article questions whether the government overpaid.
Bangladesh's above-market contract shows strong import demand for DAP and supports phosphate price levels, though the spread versus spot prices suggests the market is volatile.
dhakatribune.comReaz AhmadJan 3, 2025After 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.
