Phosphates: DAP Affordability Caps Upside in South Asia
Published July 10, 2026
Farm-gate economics are limiting how far DAP can rise despite disciplined producer offers.
DAP benchmarks held steady this week as subsidy math in South Asia limited buyer appetite at higher levels, even with producers showing discipline on offers.
Affordability check
At current crop prices, dealers report resistance above recent contract levels; blenders are substituting toward NPS blends where agronomy allows.
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