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Pakistan's Finance Minister Ishaq Dar asked DAP manufacturers to cut fertiliser prices to give farmers relief. FFBL, the only local DAP producer, agreed to consider a significant price reduction.
The government cited flood losses and high input costs.
A government-brokered price cut at the sole domestic DAP producer would lower Pakistani phosphate input costs, though the effect on world DAP prices is limited.
brecorder.comRecorder Report28 okt 2022Na 50 eerdere neerwaarts beleid-gebeurtenissen bewoog DAP zich mediaan +0,9% over 5 sessies (62% hoger; middelste helft -0,1% tot +1,6%), en +0,9% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Pakistan's finance minister secured FFBL's agreement to consider a significant DAP price cut on the same day, a sentiment and local price-pressure signal that could contribute to a sharp DAP drop, though Pakistan's domestic cut alone is unlikely to explain a -8 sigma global move.
