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Indian buyers purchased 160,000 tonnes of phosphate from Tunisia and Saudi Arabia, lifting the CIF import price to about $743-750 per ton. Indian government also trimmed the winter DAP subsidy by 3%, which may support domestic demand in the short term.
Strong Indian buying and firm import prices support DAP values globally, adding upward pressure on phosphate costs for feed and crop producers.
sxnew-agritech.comNov 10, 2022After 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.
