India DAP lower, west of Suez untested:FUNDAMENtALS

摘要

India led the buying this week, taking 150,000t of Moroccan and Jordanian DAP, albeit lower at $640-645/t cfr versus the $650s/t cfr last week. First-quarter imports are on par with 2022, and remain high compared to tradition, a ploy likely designed to build stocks and reduce import demand later for kharif and also to average down prices of stocks.