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India's Department of Fertilizers asked suppliers to raise DAP imports and domestic output ahead of the kharif and rabi seasons, warning of possible scarcity. Jan-July imports are down to 2.38mn t from 3.12mn t a year earlier, and domestic output fell to 1.16mn t in January-May.
DAP has reached a nine-year high of $590/t cfr India.
Tight Indian DAP supply and a nine-year high price keep phosphate fertilizer costs elevated, supporting input costs for feed grain and oilseed producers and pressuring farm margins.
news.agropages.comJul 1, 2021After 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.
