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Pakistan's National Fertilizer Development Authority data show October 2018 DAP offtake of 521 thousand tonnes, up 34.7 percent year on year, with Punjab the largest market. Domestic production was only 55.7 thousand tonnes, and total availability including imports and carryover exceeded 1 million tonnes, with the remainder held in storage.
Strong demand growth is offset by a large available stock, so the price impact on international DAP is limited. Pakistan's import needs remain a factor for global phosphate balances.
mettisglobal.newsMG NewsNov 26, 2018After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% 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.
