India's government approved Nutrient-Based Subsidy rates for phosphatic and potassic fertilisers for the Rabi 2026-27 season on 11 November 2026, valid from 1 October 2026 to 31 March 2027. The package keeps a fixed DAP price of ₹1,350 per 50-kg bag with extra support, and extends special provisions for TSP, imported MAP, SSP freight and ammonium sulphate.
India's subsidy support keeps domestic phosphate fertiliser affordable and supports import demand for DAP and related products, which is supportive for phosphate prices. The rates reflect international fertiliser price trends, so the subsidy outlay rising sharply signals firm import costs.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.