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Business Standard republished the Bloomberg report that Chinese authorities are holding fertilizer cargoes for extra checks or export certificates. The article notes the customs rule effective October 15 and an NDRC notice calling for stable fertilizer supplies and prices.
It flags possible effects on Indian fertilizer imports.
Reduced Chinese export flows could tighten supply to India and other importers, supporting urea and phosphate prices. Indian buyers may face higher import costs and possible shortages.
business-standard.comBloombergOct 19, 2021After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
After 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.
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.
