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Pakistan's federal government decided on February 8, 2022, to design a subsidy mechanism for cheap DAP fertiliser ahead of the Kharif season, pending Finance Ministry approval. DAP is mainly imported, with FFBL supplying about 30% of consumption.
Offtake has fallen 17.7% against urea because of high prices.
A subsidy would support DAP demand in Pakistan and add to import requirements, though the effect on global prices is limited by the country's modest volumes.
dawn.comKalbe AliFeb 9, 2022After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.
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.
