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Indian importer Indorama raised its retail maximum price (MRP) for DAP fertilizer from Rs28,000/t to Rs29,000/t. IPL and Iffco recently raised their MRP to Rs28,000/t, and this is the sixth MRP hike this year, which began from Rs21,720/t.
Higher domestic DAP prices driven by a weaker rupee and tight margins ahead of the seasonal demand lull point to firm phosphate costs for feed and crop inputs, with importers unlikely to boost purchases substantially in the near term.
worldfertilizer.comRobyn WainwrightOct 3, 2018Not enough comparable past events yet for a historical read.
Not 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.
