# Press Release:Press Information Bureau

> 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.

- Date: 2024-11-27 · published 2024-11-27T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/12049-press-release-press-information-bureau
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

The subsidy supports Indian DAP availability and import demand by keeping domestic prices affordable for companies. This sustains buying interest in global phosphate markets.

## Read by commodity

- DAP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2021-04-14 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/47542-press-release-press-information-bureau.md) | -0.1% | +6.0% |
| DAP | 2024-10-23 | [Press Release: Press Information Bureau](https://feedsoft.ai/events/6846-press-release-press-information-bureau.md) | +1.8% | +2.7% |
| DAP | 2022-03-15 | [Bill introduced to help provide relief on fertilizer tariffs - Texas Farm Bureau](https://feedsoft.ai/events/42259-bill-introduced-to-help-provide-relief-on-fertilizer-tariffs-texas-farm-bureau.md) | -0.5% | -0.5% |
| DAP | 2021-07-27 | [Runaway fertilizer prices and ITC investigation on UAN solutions raise eyebrows \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/46375-runaway-fertilizer-prices-and-itc-investigation-on-uan-solutions-raise-eyebrows.md) | -2.0% | -1.7% |
| DAP | 2020-10-09 | [Feedinfo - US Anti-Dumping Investigations on Phosphate Imports from Morocco and Russia Progress](https://feedsoft.ai/events/50576-feedinfo-us-anti-dumping-investigations-on-phosphate-imports-from-morocco-and.md) | 0.0% | -2.8% |

## Sources

- pib.gov.in: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2079048
- pib.gov.in: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2078220

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.