Despite limited end-user demand, the past month has not been uneventful. The Modi administration presented its first major budget and the DAP market came to life with renewed import activity. The P and K market is now awaiting clarity on the Nutrient Based Subsidy (NBS) rates for 2015-16 to provide some direction although at present no changes are expected Meanwhile the settlement of Q1/Q2 phosphoric acid prices, the agreement of potash contracts for 2015-16 and exchange rate fluctuations are the key events to look out for in the coming weeks.
展开▼
