Loading…
Pakistan's Punjab government's Kisan Card scheme passes a direct subsidy of Rs117 billion to farmers on DAP, seeds and pesticides, and the PM raised the DAP subsidy from Rs500 to Rs1,000. An industry analyst expects higher phosphate and potassic fertilizer sales, while Sindh has not yet agreed on its implementation mechanism.
Subsidy-driven demand growth for DAP in Pakistan supports phosphate import demand and prices, a modest bullish factor for DAP.
dawn.comThe Newspaper', s Staff ReporterMay 6, 2021After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
