Loading…
India's Department of Fertilizers reported November 2023 FOB/CFR prices: urea down 34.5% year on year to $402/mt, DAP down 19.9% to $595/mt, and MOP down 45.9% to $319/mt. Phosphoric acid, rock phosphate and ammonia also fell sharply over the same period.
Year-on-year declines across fertilizer benchmarks show lower input costs for feed and crop producers, though DAP remains relatively firm versus other nutrients.
fertiliserindia.comFertiliserIndia.comDec 18, 2023After 42 past bearish report events, Urea moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
After 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.
