# Govt extends special subsidy on DAP, weakening rupee upsets calculations | India News - The Indian Express

> 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.

- Date: 2025-01-01 · published 2025-01-01T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/26830-govt-extends-special-subsidy-on-dap-weakening-rupee-upsets-calculations-india
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- DAP: bullish ▲
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2025-07-18 | [Fertiliser subsidy may overshoot BE as DAP costs spiral - Economy News \| The Financial Express](https://feedsoft.ai/events/24077-fertiliser-subsidy-may-overshoot-be-as-dap-costs-spiral-economy-news-the.md) | -0.3% | +7.7% |
| 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% |
| DAP | 2022-08-11 | [China extends phosphate export restrictions \| The Western Producer](https://feedsoft.ai/events/39978-china-extends-phosphate-export-restrictions-the-western-producer.md) | +0.9% | +2.4% |
| DAP | 2021-10-12 | [India to provide additional subsidy for phosphate-based fertilizer-govt](https://feedsoft.ai/events/44884-india-to-provide-additional-subsidy-for-phosphate-based-fertilizer-govt.md) | +0.4% | +6.6% |
| DAP | 2022-05-18 | [Special research on basic chemical industry: why is phosphate rock so scarce this year? \| China Stock Market News](https://feedsoft.ai/events/41740-special-research-on-basic-chemical-industry-why-is-phosphate-rock-so-scarce.md) | 0.0% | -11.0% |

## Sources

- indianexpress.com: https://indianexpress.com/article/india/govt-extends-special-subsidy-on-dap-weakening-rupee-upsets-calculations-9755375/

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