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India's fertiliser imports fell to 175.36 lakh tonnes in fiscal 2021-22 from a record 193.21 lakh tonnes, with urea and potash imports down while DAP imports rose about 12%. The fertiliser subsidy bill rose sharply to ₹1,40,122 crore on higher global prices, and new urea plants are expected to lift domestic output.
Higher domestic urea output lowers India's import needs, reducing its demand in global urea and potash markets. Continued DAP import demand keeps phosphate prices supported even as potash and urea purchases fall.
thehindubusinessline.comPrabhudatta MishraMay 9, 2022After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% over 20.
Not enough comparable past events yet for a historical read.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), 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.
