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Pakistani farm leaders warned that DAP fertiliser now sells for Rs14,000 per 50-kg bag, up from Rs6,000 a year earlier. Stocks and imports are well below last year's levels, and DAP offtake is falling.
They estimate wheat output could drop about 20% if application keeps declining.
Expensive DAP is cutting application, which could shrink Pakistan's wheat crop and raise grain imports. That would tighten wheat supply and support wheat prices.
dawn.comThe Newspaper', s Staff ReporterJul 30, 2022Not enough comparable past events yet for a historical read.
Not 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.
