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Pakistan's DAP prices are rising on international markets, with global prices up about 27% in 2020 to $376/tonne in December and current offers in the $425-440 range. Most suppliers are sold out through January and February 2021 after record imports by India and Brazil.
The government's farmer DAP subsidy has not yet been implemented due to federal-provincial disagreement.
Tight global DAP supply and sold-out forward positions point to higher import costs for Pakistan, likely adding $70-80/tonne, which will push up local phosphate prices and could squeeze fertilizer affordability for farmers.
pakistantoday.com.pkHassan NaqviDec 31, 2020Not 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.
