# DAP makers agree to slash price: Dar

> Pakistan's Finance Minister Ishaq Dar asked DAP manufacturers to cut fertiliser prices to give farmers relief. FFBL, the only local DAP producer, agreed to consider a significant price reduction. The government cited flood losses and high input costs.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: policy · region Pakistan · magnitude medium
- Page: https://feedsoft.ai/events/4930-dap-makers-agree-to-slash-price-dar
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

A government-brokered price cut at the sole domestic DAP producer would lower Pakistani phosphate input costs, though the effect on world DAP prices is limited.

## Read by commodity

- DAP: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2022-10-28 | 1 | -6.0% | -8.3 | Pakistan's finance minister secured FFBL's agreement to consider a significant DAP price cut on the same day, a sentiment and local price-pressure signal that could contribute to a sharp DAP drop, though Pakistan's domestic cut alone is unlikely to explain a -8 sigma global move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-11-10 | [Fertilizer Companies Slash DAP Prices by Rs. 1,130 per Bag](https://feedsoft.ai/events/39005-fertilizer-companies-slash-dap-prices-by-rs-1-130-per-bag.md) | +1.5% | -5.3% |
| DAP | 2023-01-13 | [India will decide the global price of DAP in 2024, Mandaviya](https://feedsoft.ai/events/38104-india-will-decide-the-global-price-of-dap-in-2024-mandaviya.md) | +1.3% | -0.6% |
| DAP | 2021-01-28 | [FFC plans to set up new DAP plant](https://feedsoft.ai/events/49460-ffc-plans-to-set-up-new-dap-plant.md) | +31.4% | +28.0% |
| DAP | 2023-04-02 | [Oil prices surge after surprise move to cut output](https://feedsoft.ai/events/7947-oil-prices-surge-after-surprise-move-to-cut-output.md) | +0.9% | +1.3% |
| DAP | 2026-04-30 | [New bill in the U.S. Senate aims to lower price of phosphate fertilizers \| Farm Office](https://feedsoft.ai/events/20048-new-bill-in-the-u-s-senate-aims-to-lower-price-of-phosphate-fertilizers-farm.md) | +4.8% | +7.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40205696

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.