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Pakistan's DAP fertilizer sales fell sharply in November 2021, with offtake down 40% year-on-year and 36% month-on-month, according to NFDC data. The domestic DAP price rose about 101% year-on-year to Rs8,015 per bag.
Demand shifted to NP, NPPK and CAN fertilizers.
Price-driven demand destruction in a major importing market signals that high phosphate costs are constraining purchases, though import needs remain. The import price rise reflects the firm international DAP market.
tribune.com.pkUsman HanifDec 28, 2021After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% 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.
