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DAP prices remain above $1,000 per tonne internationally, while India's government advises importers to buy only at $920 or below. Indian firms have imported under 100,000 tonnes, and China is participating in export tenders while Morocco's OCP is not cutting phosphoric acid prices.
Persistent DAP prices above $1,000 and tight Indian import access signal continued upward pressure on phosphate fertiliser costs and limited near-term relief.
eng.ruralvoice.inChetananand SinghJun 27, 2022After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.
