# Global fertiliser rates soften after India’s cap on prices

> Global DAP prices fell to $920 per tonne, nearly 10% below the previous week, after India's fertiliser ministry told companies to stop purchases above that level. The government has tied up supplies for the upcoming kharif season and reported DAP stocks of 3 million tonnes as of April 1, versus 1.8 million a year earlier.

- Date: 2022-05-18 · published 2022-05-18T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/41715-global-fertiliser-rates-soften-after-india-s-cap-on-prices
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

India is the world's largest fertiliser importer, so its purchase cap removes a major bidder and pressures phosphate prices lower. Buyers of feed-related inputs should expect softer phosphate costs in the near term, though the broader fertiliser price level remains high.

## Read by commodity

- DAP: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2022-05-26 | 1 | -8.1% | -5.9 | India's cap on DAP purchase prices at $920/t and the roughly 10% weekly drop in global DAP prices point to demand-side price discipline from the largest buyer, a direct driver of the sharp fall. |
| DAP | 2022-06-01 | 5 | -12.2% | -4.0 | India's cap on DAP purchases above $920/t pushed global DAP prices down nearly 10% in a week, a major demand-side driver of the decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-04-24 | [Global fertiliser prices set to drop but gas risks cause concern \| Farm Online \| ACT](https://feedsoft.ai/events/5022-global-fertiliser-prices-set-to-drop-but-gas-risks-cause-concern-farm-online-act.md) | -12.3% | -4.6% |
| DAP | 2023-01-18 | [Softening global prices to cut fertiliser subsidy in FY24: Secy \| Financial Express Mumbai - newspaper - Read this story on Magzter.com](https://feedsoft.ai/events/38107-softening-global-prices-to-cut-fertiliser-subsidy-in-fy24-secy-financial.md) | +1.1% | -0.8% |
| DAP | 2025-02-25 | [India’s Strategic Shift in Fertiliser Consumption – GKToday](https://feedsoft.ai/events/7459-india-s-strategic-shift-in-fertiliser-consumption-gktoday.md) | +1.7% | +1.8% |
| DAP | 2022-10-03 | [U.N. pushes for global fertilizer price cut to avoid 'future crisis' \| Reuters](https://feedsoft.ai/events/39049-u-n-pushes-for-global-fertilizer-price-cut-to-avoid-future-crisis-reuters.md) | -1.7% | -5.5% |
| DAP | 2021-06-18 | [U.S. phosphate fertilizer prices: duties suspended in 2026](https://feedsoft.ai/events/46922-u-s-phosphate-fertilizer-prices-duties-suspended-in-2026.md) | +1.9% | +0.8% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/india/global-fertiliser-rates-soften-after-indias-cap-on-prices/articleshow/91629141.cms

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