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Fauji Fertilizer Company (FFC) in Pakistan announced a PKR 100 per bag cut in the sack price of DAP fertiliser. The company said the move is meant to help farmers who had been under-applying fertiliser because of high prices.
FFC expects the lower price to boost DAP sales.
This is a single domestic price cut by one producer in Pakistan and has little effect on global DAP benchmarks. It may modestly lift local DAP demand.
zameen.comMuhammad FarhadMar 3, 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.
