Loading…

Indian DAP stocks rose to 1.96 million tonnes in May as domestic output reached its highest level since August 2024 and imports increased. Domestic sales remained below the five-year average, and May imports were only about a third of the 2021-2025 average.
Low import volumes and seasonal demand rising into Q4 mean India must buy more DAP at already high international prices. This supports DAP and phosphate prices into the second half of the year.
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.