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A shortage of DAP fertiliser is hurting sowing prospects for India's rabi crop, with farmers facing tight supply at sowing time. Good monsoon rains and fuller reservoirs have encouraged farmers to plant more area despite high prices.
Tight Indian phosphate supply supports DAP prices and may increase import demand, adding upward pressure on global phosphate costs.
indianexpress.comHarish Damodaran22 Okt 2024Setelah 193 peristiwa perdagangan bullish sebelumnya, DAP bergerak median +0,4% selama 5 sesi (54% lebih tinggi; separuh tengah -0,3% sampai +1,8%), dan +1,9% 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.
Reports of tight DAP supply in India at rabi sowing, with strong demand and high prices, plausibly supported DAP prices in the days before the 2024-10-25 move.
Reports of an Indian DAP shortage at rabi sowing time imply urgent import demand from the largest DAP buyer, a plausible driver of the price rise.
