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Indian fertilizer prices have eased sharply from 2022 peaks, with imported urea near $550 per tonne and DAP at $690-700. Potash has stayed elevated near $590 per tonne.
Over-application of urea and DAP has created a nutrient imbalance in India, which the government may need to correct.
Lower landed prices reduce subsidy costs but excessive urea and DAP use may eventually cut Indian import needs, weighing on fertilizer prices.
indianexpress.comHarish DamodaranJan 9, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
