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DAP prices in India are expected to rise by up to Rs 200 per 50-kg bag from January 2025, from about Rs 1,350 to Rs 1,550. The increase follows the expiry of a government import incentive of Rs 3,500 per tonne on December 31 and a weaker rupee, which lifted import costs.
Higher landed DAP costs in India reduce import pull and raise domestic fertilizer prices, a signal that global phosphate demand from India may tighten. The rupee weakness adds to upward pressure on import parity.
eng.ruralvoice.inAjeet SinghJan 1, 2025After 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.
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.
