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Indian fertilizer stocks declined as global prices surged, and farmers in Haryana and Punjab reported DAP unavailable in local markets ahead of wheat and potato sowing. DAP stocks are now less than half of last year's levels.
Farmers typically apply DAP as a basal dose before sowing.
Severe domestic DAP shortages during peak sowing season point to strong import demand and tight phosphate supply, supporting higher global DAP and potash prices and pressuring farm margins.
indianexpress.comHarish Damodaran, Anju Agnihotri ChabaOct 16, 2021Not 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.
