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DAP retail prices in Punjab, Pakistan reached Rs. 13,000 per 50kg bag, above government-notified maximum retail prices.
The rise follows a more than 7% rupee decline against the dollar in a month, hoarding, and lower domestic production.
Currency weakness and import dependence are lifting local DAP costs, squeezing Pakistani farmers ahead of the Rabi season.
propakistani.pkM. Bilal FarooqSep 1, 2023After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% 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.
