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Fatima, FFC and FFBL cut Pakistan's DAP price by Rs. 1,130 per bag, effective November 10, 2022, bringing retail prices to roughly Rs.
10,200-10,350. The cut follows a request from Finance Minister Ishaq Dar, and DAP sales for October are projected down 82% year over year.
The move is a domestic Pakistani price cut driven by government pressure and weak demand, with limited effect on global phosphate benchmarks. It mainly signals softer local input costs.
propakistani.pkProPK StaffNov 10, 2022After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
