Loading…
Pakistani fertiliser importers rejected a government proposal to cut the notified DAP price from Rs2,500 to Rs2,250 per 50kg bag. The world DAP price has fallen from $355 to $305 per tonne since the June notification.
Importers resisting the cut keeps domestic DAP prices elevated despite lower world prices, limiting farmer affordability and subsidy effectiveness in Pakistan.
tribune.com.pkPeer MuhammadNov 11, 2016After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
