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Bangladesh's government raised farm-level fertiliser prices by Tk5 per kg on urea, DAP, TSP and MOP, effective April 10, 2023. Officials said the move cuts the government's fertiliser subsidy, which had been very large in FY22.
Higher domestic fertiliser prices raise input costs for Bangladeshi farmers and may shift demand toward imports or reduce application, while the subsidy cut reflects lower global fertiliser prices.
tbsnews.netTBS ReportApr 11, 2023After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% over 20.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
