DAP price increased by Rs300 per bag amid weak rupee

MG News | February 08, 2023 at 10:46 AM GMT+05:00

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February 08, 2023 (MLN): Amidst the sharp depreciation of the Pakistani rupee (PKR) and surging input cost, the prices of diammonium phosphate (DAP) has increased by Rs300 to Rs10,886 per bag.

Since the start of this month, the DAP price raised by Rs510 per bag.

According to the latest monthly report of fertilizer offtake issued by the National Fertilizer Development Company (NDFC), the total DAP offtake during December 2022 was 158,000 tonnes increased by 35.2% YoY against 236,405 tonnes recorded in the same month last year.

“Increase in offtake of DAP is a due downward trend of its price and low offtake was observed in the previous year”, the report added.

DAP availability in the current Rabi season 2022-23 would be around 1,028,000 tonnes, which includes 460,000 tonnes of opening inventory, 267,000 tonnes of imported supplies, and domestic production of 301,000 tonnes.

The expected offtake of DAP during the current Rabi season is about 724,000 tonnes, leaving a balance of 303,000 tonnes for the next Kharif season.

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