India's Fertilizer Import Surge: A Price Too High to Pay? The Indian fertilizer market has been experiencing a surge in imports over the past few months, with diammonium phosphate (DAP) prices reaching an all time high.
The recent increase can be attributed to a combination of global demand, supply chain disruptions, and geopolitical tensions.
Global DAP production has struggled to keep pace with rising demand from countries like China, Indonesia, and Vietnam, leading to a shortage of supplies.