Loading…
Prices of phosphate and phosphoric acid have fallen significantly, prompting domestic Indian fertiliser producers to raise DAP output. DAP production is expected to reach 4.2 million tonnes in FY17-18, with Krishak Bharti, Deepak Fertilisers and Coromandel International planning capacity additions.
Lower phosphate raw material costs and expanding Indian DAP capacity point to ample phosphate supply and softer DAP pricing, while a good monsoon supports fertiliser demand.
insights.dsij.inMar 17, 2017Not 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.
