# DAP Price Crosses Rs. 13,000 In Punjab Amid Devaluation and Hoarding

> 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.

- Date: 2023-09-01 · published 2023-09-01T12:00:00.000Z
- Category: macro · region Pakistan · magnitude low
- Page: https://feedsoft.ai/events/34442-dap-price-crosses-rs-13-000-in-punjab-amid-devaluation-and-hoarding
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Currency weakness and import dependence are lifting local DAP costs, squeezing Pakistani farmers ahead of the Rabi season.

## Read by commodity

- DAP: bullish ▲
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-02-08 | [DAP price increased by Rs300 per bag amid weak rupee](https://feedsoft.ai/events/11743-dap-price-increased-by-rs300-per-bag-amid-weak-rupee.md) | -0.2% | -4.9% |
| DAP | 2026-06-22 | [Mosaic secures $1 billion credit facility to refinance debt amid rising input costs. — Fertilizer Daily](https://feedsoft.ai/events/6824-mosaic-secures-1-billion-credit-facility-to-refinance-debt-amid-rising-input.md) | -4.2% | -1.9% |
| DAP | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | -1.4% | -3.5% |
| DAP | 2022-01-06 | [High feedstock cost pushes Urea Demand to reach a sky-high Value in the USA](https://feedsoft.ai/events/7643-high-feedstock-cost-pushes-urea-demand-to-reach-a-sky-high-value-in-the-usa.md) | -1.4% | -2.1% |
| DAP | 2023-02-10 | [Fertiliser prices likely to remain at high level in coming months](https://feedsoft.ai/events/11746-fertiliser-prices-likely-to-remain-at-high-level-in-coming-months.md) | +2.2% | -1.2% |

## Sources

- propakistani.pk: https://propakistani.pk/2023/09/01/dap-price-crosses-rs-13000-in-punjab-amid-devaluation-and-hoarding/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.