Global DAP Prices Tumble in Oct 2025, Morocco Down 1.36%, Check other trends here

The global diammonium phosphate (DAP) market entered into an ongoing bearish state in the last week of October 2025, as major global producers from China, Morocco, India, and Saudi Arabia are also seeing downward pressure on pricing. China's decision to cancel exports has only pushed supplies to its domestic market, putting up inventories and a negative effect on global sentiment. Morocco's OCP is still trying to push sales into the global marketplace, but some weaker bids and logistical delays remain. In India, high inventories, poor production, and policy uncertainties reduced the number of new imports. In Saudi Arabia, Ma'aden has been able to maintain some export flows, along with limited demand. All regions continue to also deal with freight volatility, weather impacts, and a softer offtake from agricultural markets. The weather impacts coupled with over supply and weak consumption options is expected to contribute downward pressure to the DAP market into November, as the industry waits for a clearer policy and subsidy signals for improvement.