The Di Ammonium Phosphate (DAP) price trend remained stagnant amid balanced demand-supply dynamics at the beginning of Qx of xxxx, and quotations remained unchanged by suppliers during July xxxx. The demand for DAP was moderately low from the domestic agriculture sector, which negatively impacted the market offtakes. Meanwhile, DAP offtakes were average from the food sector as the Consumer Price Index for All Urban Consumers (CPI-U) decreased by x.xx on a seasonally adjusted basis in June, following no change in May xxxx. However, the buyers ramped up their purchases from the market to stock up and mitigate potential supply disruptions and prolonged availability issues in the coming weeks caused by the hurricane in the country. At the same time, the country&#xx;s manufacturing sector saw a deterioration in business conditions as new orders declined and the US Manufacturing Purchasing Manager&#xx;s Index fell below xx in July, indicating contractions in...
