◂ Event Timeline

Aug 30, 2024POLICYIndia

DAP import price reaches at $620, lower imports may lead to shortage in Rabi season - Rural Voice is a bilingual news platform which is filling the information gap by providing in-depth coverage of agricultural policies, technological advancements, cooperatives, public sector and rural development. It offers analytical content tailored for

DAP imports into India fell about 46% from April to June 2024 as the global DAP price reached $620 per tonne, making imports unviable at government-fixed subsidy rates. Officials warn of possible shortages for the Rabi wheat season starting in October.

WHY IT MATTERS

Higher global DAP prices and subsidy constraints reduce Indian import demand, supporting phosphate prices while raising shortage risk for farmers.

AFFECTSDAP

SOURCE
eng.ruralvoice.inAjeet SinghAug 30, 2024

Price reaction & history

DAPno directional readSO FAR1d +2.6%5d +2.6%20d +1.5%

After 250 past policy events, DAP moved a median +0.1% over 5 sessions (53% higher; middle half -0.6% to +1.3%), and +1.5% 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.

Linked price moves

DAP+2.6%1 period to Aug 30, 202411.0σ
Same-day report that India's DAP imports fell sharply with global prices near $620/t and Rabi-season shortage risk points to tight supply and strong Indian demand, supporting a price rise.

DAP DAP · GP ▸

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