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OCP and other producers have cut phosphoric acid prices, with Indian contracts signed at about $1,715 per tonne and expected to fall toward $1,500. DAP prices have also declined to around $860 per tonne, and industry sources expect further declines.
Falling DAP and phosphoric acid prices lower fertiliser input costs and ease India's subsidy burden, reducing pressure on farm margins for phosphate-dependent crops.
eng.ruralvoice.inChetananand SinghAug 30, 2022Not enough comparable past events yet for a historical read.
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.
