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India's total nutrient offtake in September 2020 was about 382 thousand tonnes, up 9.6% year on year, with potash offtake up 57.2%. Fertilizer prices in September rose month on month, with urea up 1.0-1.3% and DAP up 6.3%.
Rising Indian fertilizer demand and higher product prices point to firmer global phosphate and nitrogen markets, which feeds into crop input costs.
mettisglobal.newsMG NewsOct 26, 2020After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
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.
