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Pakistan's Federal Minister for National Food Security Khusro Bakhtiar expressed concern over a gradual rise in domestic DAP prices even as international prices declined. A consultative fertilizer meeting also reviewed urea profiteering and the stock position for the Rabi 2019-20 season.
A cabinet committee was formed to examine the profitability and pricing of urea and DAP.
Domestic DAP prices in Pakistan are rising despite weaker world prices, which points to a local pricing gap that government scrutiny may narrow. The effect on feed-relevant markets is limited.
nation.com.pkAPPDec 17, 2019After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), 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.
Pakistan's minister flagged rising domestic DAP prices during Rabi season demand, and a cabinet committee review of pricing signals tight local supply that could contribute to an upward price move.
