◂ Event Timeline

Jun 25, 2019POLICYPakistan

Subsidy by Punjab govt improves DAP off-take by 240%

DAP offtake in Pakistan rose 240.8% in May 2019 to 213 thousand tonnes, driven mainly by a Punjab government subsidy. Punjab accounted for about 136 thousand tonnes of the sales.

WHY IT MATTERS

Subsidy-driven demand in Pakistan supports DAP prices locally, but the volume is small relative to global phosphate trade and has limited effect on world prices.

AFFECTSDAP▲

SOURCE
mettisglobal.newsMG NewsJun 25, 2019

Price reaction & history

DAP▲bullish

After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.

Feb 9, 2022Subsidy mechanism for DAP in the offing - Business - DAWN.COM+0.3%
May 30, 2021How govt prevented a farming crisis by increasing DAP fertiliser subsidy as global prices soar+3.7%
Oct 12, 2021India to provide additional subsidy for phosphate-based fertilizer-govt+0.4%
Apr 27, 2022India approves $8 bln subsidy for phosphate-based fertilizers-7.9%
Jan 1, 2025Govt extends special subsidy on DAP, weakening rupee upsets calculations | India News - The Indian Express+0.4%

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.

DAP DAP · GP ▸

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