DAP offtake drops by 43% YoY in December

January 25, 2022 (MLN): The sales of diammonium phosphate (DAP) were recorded at 117,000 tonnes in December 2021, down by 43.4% against 206,000 recorded in the same period last year on an account of its higher prices, the monthly data published by National Fertilizer Development Company (NFDC) said.

The report stated that the price of a 50 kg bag of DAP in the domestic market during the said month increased by 4.2% to Rs8,351 when compared to Rs8,015 reported in November 2021.

In the international market, DAP prices during December 2021 were quoted at $626-670/t fob bulk in Australia and $873-1000/t fob in China market.

Province-wise, DAP offtake plunged by 46%, 20%, 61%, and 82% in Punjab, Sindh, KP, and Balochistan, to 443,000, 121,000, 22,000 and 13,000, respectively.

Going by the report, DAP availability, in the current season of Rabi 2021-22, would be around 1,120,000 tonnes, which includes 353,000 tonnes of opening inventory, 380,000 tonnes of imported supplies and domestic production of 387,000 tonnes. Meanwhile, the expected DAP offtake during the current Rabi season is about 927,000 tonnes, leaving a balance of 200,000 tonnes for the next season.

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