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Nepal faced an acute fertiliser shortage this year after the importers Shailung Enterprises and Honiko Multiple defaulted on contracts, citing the lockdown. India had frozen fertiliser exports, and Nepal's annual demand is about 800,000 tons.
The shipment arrived too late for the paddy season, so rice output is not expected to rise despite a healthy monsoon.
Late urea supply cuts Nepal's fertiliser application and limits rice yields, which tightens domestic rice supply and keeps import needs and prices elevated.
nepalitimes.comSep 24, 2020After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.
