Loading…
Indian fertiliser sales rose 3.6% in April-May 2024 to 5.07 million tonnes, helped by good monsoon rainfall and a low base from 2023. DAP sales fell 9.3% over the same period, and MOP sales rose 52%.
Weaker Indian DAP offtake reduces demand from one of the largest global buyers, which could pressure international phosphate prices.
thehindubusinessline.comBL New Delhi BureauJul 24, 2024After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.
