# India will decide the global price of DAP in 2024, Mandaviya

> Indian fertilizer minister Mansukh Mandaviya said India would effectively set the price of imported DAP in 2024 and pressure suppliers against high prices. He said DAP would fall below $650 per tonne that month and return to pre-Russia-Ukraine-war levels by end of March. Imported DAP had dropped to $743 per tonne in November 2022 from a $945 peak in July.

- Date: 2023-01-13 · published 2023-01-13T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/38104-india-will-decide-the-global-price-of-dap-in-2024-mandaviya
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Government pressure on import prices and a planned alternative fertilizer push could weaken global DAP demand from India, a major buyer, pressuring phosphate prices lower.

## Read by commodity

- DAP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-05-18 | [Global fertiliser rates soften after India’s cap on prices](https://feedsoft.ai/events/41715-global-fertiliser-rates-soften-after-india-s-cap-on-prices.md) | 0.0% | -11.0% |
| DAP | 2024-05-03 | [Decline in Chinese DAP Prices During April 2024 After Loosening Export Sanction](https://feedsoft.ai/events/30605-decline-in-chinese-dap-prices-during-april-2024-after-loosening-export-sanction.md) | +4.1% | +8.2% |
| DAP | 2022-10-28 | [DAP makers agree to slash price: Dar](https://feedsoft.ai/events/4930-dap-makers-agree-to-slash-price-dar.md) | -6.6% | -9.7% |
| DAP | 2026-04-30 | [New bill in the U.S. Senate aims to lower price of phosphate fertilizers \| Farm Office](https://feedsoft.ai/events/20048-new-bill-in-the-u-s-senate-aims-to-lower-price-of-phosphate-fertilizers-farm.md) | +4.8% | +7.3% |
| DAP | 2024-03-04 | [India mulls focusing on nano-DAP to reduce conventional bags offtake - The HinduBusinessLine](https://feedsoft.ai/events/4298-india-mulls-focusing-on-nano-dap-to-reduce-conventional-bags-offtake-the.md) | +10.0% | -1.3% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/india-will-decide-the-global-price-of-dap-in-2024-mandaviya/articleshow/96973823.cms

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