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Indian fertiliser sales in April-June rose 21% year on year to 14.3 million tonnes. Urea sales jumped 25% and DAP sales rose 70%, while MOP sales fell 20% and complex fertiliser sales fell 14%.
Officials attribute the DAP increase mainly to a base effect from last year's supply shortage.
Strong Indian DAP and urea demand keeps import pull firm, supporting phosphate and nitrogen prices. Weaker potash buying points to softer MOP demand from India.
thehindubusinessline.comPrabhudatta MishraJul 25, 2022Not enough comparable past events yet for a historical read.
Not 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.
