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Indian fertilizer makers are benefiting from phosphoric acid import prices that have dropped to about $1,200 per tonne from over $1,700 three months earlier. Shipping timing means the lower raw material costs will take roughly another month to reach the industry.
Cheaper phosphate inputs reduce fertilizer manufacturing costs in India, a meaningful but regional change with little direct effect on feed commodity prices.
thehindubusinessline.comV Sajeev KumarOct 27, 2022Not 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.
