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Total DAP offtake in Pakistan reached about 295 thousand tonnes in August 2020, up 180.2% year on year, according to the National Fertilizer Development Centre. Buyers were reportedly stocking up ahead of expected domestic price increases in line with international markets.
Cumulative Kharif 2020 DAP offtake (April-August) was 934 thousand tonnes, up 22.1%.
Front-loaded buying signals tightening phosphate supply and expectations of higher prices, which supports DAP and related phosphate fertilizer costs for feed and crop producers.
mettisglobal.newsMG NewsSep 23, 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.
