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Pakistan's National Fertilizer Development Centre recorded April 2019 DAP offtake of 86.2 thousand tonnes, up 25% year on year. Fiscal-year-to-date sales reached 1.8 million tonnes, with about 620 thousand tonnes of inventory remaining.
Strong Pakistani DAP demand and sizeable remaining inventory suggest moderate import needs in the near term, a small factor for global phosphate prices.
mettisglobal.newsMG NewsMay 24, 2019Not 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.
