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Finance Minister Ishaq Dar met DAP manufacturers, including FFBL, on 27 October at the Finance Division in Islamabad. FFBL described its local output as the only DAP production in Pakistan and raised concerns about expensive inputs, power shortages and GST.
The minister pressed for farmer relief amid flood reconstruction needs.
The meeting signals pressure for lower domestic DAP prices, which would reduce Pakistani farm input costs, with minimal direct effect on international phosphate markets.
app.com.pkNNPS DeskOct 27, 2022After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
Pakistan's finance minister met DAP makers on 27 Oct pressing for price cuts, which could weigh on DAP pricing sentiment, though it is a local policy event whose effect on global DAP was probably limited.
