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DAP import prices rose from $528 to $560 per tonne over two months. A public sector Indian tender was cancelled after the lowest offer was $575 per tonne, and only three or four deals have been done recently.
Indian officials warn of a possible DAP shortage for the Rabi season if imports do not pick up.
Stalled Indian import demand combined with rising offers tightens global DAP supply and supports higher phosphate prices.
eng.ruralvoice.inRajasree SinghJul 13, 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.
