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Indian fertiliser companies have asked the government for permission to raise maximum retail prices of non-urea fertilisers such as DAP and NPK, citing higher input costs. Any revision is unlikely soon because of state assembly elections.
A possible retail price increase would signal firmer DAP prices in India, though the government's reluctance limits the likely impact.
timesnownews.comET Now DigitalFeb 14, 2023After 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.
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.
