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India's fertilizer offtake in the first two months of Rabi 2017-18 fell 16.3% year on year. Nitrogen dropped 14%, phosphate 20.7%, and DAP 21.5%, while potash rose 62.1%.
Weaker Indian demand for urea and DAP reduces import needs and points to softer prices for those products.
mettisglobal.newsMG NewsDec 27, 2017After 42 past bearish report events, Urea moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.
