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Indian DAP prices reached Rs 80,000 per tonne as the Russia-Ukraine war lifted DAP and phosphoric acid costs. Import deals have stalled because importers face losses without higher subsidies, with stocks of about 3 million tonnes against roughly 5 million tonnes of Kharif demand.
Stalled Indian import contracts reduce near-term global phosphate demand and could tighten Kharif availability, a mixed signal that keeps phosphate prices elevated.
eng.ruralvoice.inChetananand SinghApr 9, 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.
