Amid a collapse in import demand, buyers continue to await news on the nutrient-based subsidy (NBS) and maximum retail price (MRP) while focusing on drawing down the current high stocks of DAP/NPK in India. This week, traders are reporting a 40,000 mt DAP deal direct from a Chinese producer to India at $308/mt CFR for mid-November shipment. Further details were not available at press-time.
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