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The Bangladesh government decided to procure an additional one lakh tonnes each of urea and DAP this fiscal year to support crop production and food security. Urea is to be bought by BCIC and DAP by the agriculture ministry through competitive emergency tenders.
Additional government tenders for urea and DAP add near-term import demand and support fertilizer prices in South Asia. The effect on feed-grain costs is indirect, through higher input costs for grain producers.
dailynewnation.comNNONLINE 01Aug 30, 2020After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), 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.
