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Russian fertilizer suppliers have stopped offering discounted di-ammonium phosphate to India. The move follows tightening global supplies after Russia became India's largest supplier last year.
Loss of discounts from Russia removes a price cushion for Indian buyers and suggests firmer global DAP prices.
reuters.comRajendra Jadhav, Polina DevittSep 12, 2023After 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.
