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Indian companies signed DAP import contracts at up to $750 per tonne, with one firm reportedly contracting with Russia's PhosAgro at a lower price. Global DAP prices have declined steadily, improving availability for India's Rabi season.
Lower phosphate import costs ease fertilizer input pressure for Indian crop production, a minor factor for global grain and oilseed price direction.
eng.ruralvoice.inChetananand SinghNov 1, 2022After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% 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.
