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India's cabinet extended a Rs 3,500 per tonne special subsidy on DAP through December 31, 2025. The rupee's slide against the dollar has made informal retail price caps hard to maintain, with DAP landed import costs around $632 per tonne.
Subsidy support helps India keep DAP imports flowing despite a weaker rupee, supporting global DAP demand. A weaker rupee raises import costs and may pressure Indian buying.
indianexpress.comHarish DamodaranJan 1, 2025After 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.
Not enough comparable past events yet for a historical read.
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.
