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Pakistan's FFC and FFBL cut retail DAP prices by Rs1,805 per bag effective June 1, citing a drop in international prices. May DAP sales fell 47% year on year as farmers' purchasing power weakened during the wheat crisis.
Lower international phosphate prices and weak farmer demand point to softer DAP values in the Pakistani market. Importers should expect continued pressure on phosphate pricing.
mettisglobal.newsMG NewsJun 6, 2024Not 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.
