high prices for DAP remain firm in the latest fertreport, which also notes:
"The supply side will undoubtedly tighten through May. IFFCO India has intimated that it will have to cut DAP production rates soon due to high input costs and financial pressures. In China, Wengfu has said that there is virtually no chance of any Chinese DAP/MAP being available for export until October at the earliest. Other producers have reportedly already cut production due to high sulphur costs and also to support domestic DAP prices. India is looking to buy DAP for the rabi season, and further sizeable quantities will be secured during the IFA conference. Brazil will also step in at some stage. This, combined with Turkey emerging to take Lithuanian and Tunisian tonnes, and further tightening of the market as Chinese supply dries up points to a further round of price rises in mid-May."
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