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India Ratings and Research said elevated fertilizer prices and a DAP shortage are likely to reduce DAP usage in FY22, with farmers switching to SSP or NPK compounds. The agency noted international fertilizer prices are up 80% year on year due to higher phosphorus costs, China's export ban and energy prices.
A shortage and higher international phosphate prices tighten DAP supply into India's demand season, supporting phosphate prices while demand destruction limits the upside.
daijiworld.comNov 17, 2021Not 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.
