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The Bangladesh government purchase committee approved buying 90,000 tonnes of fertiliser from Qatar and Morocco under state-to-state contracts. Triple super phosphate from Morocco was bought at $687.25/t, below the previous $914/t, while urea from Qatar was priced at $724.5 to $733.33/t, above earlier purchases.
Bangladesh is building fertiliser stocks amid supply uncertainty, and mixed price moves across products show urea remains firm while phosphate is easing, which affects input costs for feed grain producers in the region.
thedailystar.netStar Business ReportSep 21, 2022After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 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.
