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Pakistan finished the April-September kharif season with above-normal DAP stocks of 392,000t, as domestic demand fell 138,000t below the five-year average. Many cash-strapped farmers avoided DAP after importers passed high international costs to the domestic market.
Importers are well stocked and holding off fresh purchases despite a softening market.
Heavy Pakistani inventories and paused import buying reduce near-term DAP demand, which is bearish for international DAP prices even though levels remain historically high.
worldports.orgSophie BeckerOct 24, 2025Not 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.
Pakistan's above-normal DAP stocks and importers holding off purchases signal weak demand from a major buyer, which pressures prices.
Pakistan has above-normal DAP stocks, weak demand and importers holding off purchases, so softer import demand adds downward pressure on DAP prices.
Pakistan's above-normal DAP stocks and importers holding off purchases signal weak demand from a key buyer, which pressures prices.
