
Indian fertilizer sales rose 6% in November 1-21 compared with a year earlier, with urea up 12% and DAP up 7%. Sales fell about 12% in the second and third weeks after doubling in the first week, as farmers complained of inadequate availability.
The fertilizer ministry said urea, MOP, complexes and SSP supplies were comfortable, while DAP stocks were ample relative to the month's requirement.
Strong Indian demand for urea and DAP supports global fertilizer prices, while ample domestic stocks reduce the need for emergency imports. Feed buyers face steady input costs with limited near-term relief.
After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% 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.