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Indian Business Line reports that DAP sales fell over 20% during April-August 2024 and imports were halved to 1.59 million tonnes, compared with a year earlier. Experts blame lower imports and policy for shortages reported in Punjab and Madhya Pradesh ahead of rabi sowing.
Sharply lower DAP imports into India tighten global phosphate demand for importers and support DAP prices ahead of the rabi season.
thehindubusinessline.comPrabhudatta MishraOct 8, 2024After 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.
