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Indian and Pakistani buyers are seeking DAP, with state importers NFL and GSFC reissuing 100,000t tenders after receiving few or no offers. Indian DAP indications reached the mid-$330s/t cfr, while the latest concluded business was near $330/t cfr.
Tight availability and strong South Asian demand are keeping DAP prices elevated, and a Chinese-supplier exclusion in India further limits supply. Higher DAP prices raise phosphate input costs for feed-grain and oilseed producers.
agrospectrumindia.comAug 14, 2020
news.agropages.comAug 14, 2020After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), 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.
