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Global DAP prices fell to $920 per tonne, nearly 10% below the previous week, after India's fertiliser ministry told companies to stop purchases above that level. The government has tied up supplies for the upcoming kharif season and reported DAP stocks of 3 million tonnes as of April 1, versus 1.8 million a year earlier.
India is the world's largest fertiliser importer, so its purchase cap removes a major bidder and pressures phosphate prices lower. Buyers of feed-related inputs should expect softer phosphate costs in the near term, though the broader fertiliser price level remains high.
timesofindia.indiatimes.comDipak K Dash / TNN / Updated: May 18, 2022, 07:47 IST18 Mei 2022Setelah 50 peristiwa kebijakan bearish sebelumnya, DAP bergerak median +0,9% selama 5 sesi (62% lebih tinggi; separuh tengah -0,1% sampai +1,6%), dan +0,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
India's cap on DAP purchase prices at $920/t and the roughly 10% weekly drop in global DAP prices point to demand-side price discipline from the largest buyer, a direct driver of the sharp fall.
India's cap on DAP purchases above $920/t pushed global DAP prices down nearly 10% in a week, a major demand-side driver of the decline.
