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Pakistan's total DAP offtake in July 2021 was 193 thousand tonnes, down 22.9% from July 2020. Cumulative Kharif 2020-21 offtake (April-July) fell 24.7% year on year, according to the NFDC monthly report.
Provincial offtake declined sharply across Punjab, Sindh, KP and Balochistan.
Weaker DAP offtake tied to higher prices signals softer fertilizer demand and a larger inventory carryover into August, which is bearish for DAP prices. Farmers' price-driven pullback also weighs on phosphate demand in the region.
mettisglobal.newsMG NewsAug 25, 2021After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.
