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India's Union Cabinet approved higher subsidies on non-urea fertilizers for the upcoming Kharif season, totaling ₹60,939 crore. The subsidy on DAP rises to ₹2,501 per bag from ₹1,650, while global DAP and raw material prices have risen about 80%.
The subsidy keeps Indian DAP demand supported despite high import costs, sustaining global phosphate purchasing interest and firm phosphate price levels.
thehindu.comSpecial CorrespondentApr 27, 2022After 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.
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.
