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India's government approved a one-time special package of Rs 3,500 per MT on DAP sales beyond NBS rates for April 1 to December 31, 2024. The scheme carries an estimated financial impact of Rs 2,625 crore.
The minister gave the information in Lok Sabha.
The subsidy supports Indian DAP availability and import demand by keeping domestic prices affordable for companies. This sustains buying interest in global phosphate markets.
pib.gov.inNov 29, 2024pib.gov.inNov 27, 2024After 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.
