# Fertiliser subsidy may overshoot BE as DAP costs spiral - Economy News | The Financial Express

> India's fertiliser subsidy bill for FY26 may exceed the Rs 1.67 lakh crore budget estimate because global DAP prices have risen about 23% since April, from about $650/t to over $800/t. The government is considering a special package for fertiliser companies. India imports about two-thirds of its roughly 10 million t annual DAP consumption.

- Date: 2025-07-18 · published 2025-07-18T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/24077-fertiliser-subsidy-may-overshoot-be-as-dap-costs-spiral-economy-news-the
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Rising subsidy support keeps Indian DAP buying strong and supports global phosphate prices. Import dependence means the price spike passes directly into Indian demand.

## Read by commodity

- DAP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2021-10-19 | [China's curbs on fertiliser exports may affect India, says report \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/44477-china-s-curbs-on-fertiliser-exports-may-affect-india-says-report-economy-and.md) | +0.4% | +5.4% |
| DAP | 2021-05-06 | [Kisan Card subsidy plan may trigger fertiliser sales - Newspaper - DAWN.COM](https://feedsoft.ai/events/7724-kisan-card-subsidy-plan-may-trigger-fertiliser-sales-newspaper-dawn-com.md) | +1.8% | +6.6% |
| DAP | 2025-01-01 | [Govt extends special subsidy on DAP, weakening rupee upsets calculations \| India News - The Indian Express](https://feedsoft.ai/events/26830-govt-extends-special-subsidy-on-dap-weakening-rupee-upsets-calculations-india.md) | +0.4% | +1.3% |
| DAP | 2022-04-27 | [Cabinet clears higher subsidy for non-urea fertilisers  - The Hindu](https://feedsoft.ai/events/42150-cabinet-clears-higher-subsidy-for-non-urea-fertilisers-the-hindu.md) | -7.9% | -9.4% |
| DAP | 2022-02-09 | [Subsidy mechanism for DAP in the offing - Business - DAWN.COM](https://feedsoft.ai/events/43005-subsidy-mechanism-for-dap-in-the-offing-business-dawn-com.md) | +0.3% | +31.0% |

## Sources

- financialexpress.com: https://www.financialexpress.com/policy/economy-fertiliser-subsidy-may-overshoot-be-as-dap-costs-spiral-3919497/

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