# India to provide additional subsidy for phosphate-based fertilizer-govt

> India approved an additional subsidy of 57.16 billion rupees (about $757.8 million) for diammonium phosphate to keep retail prices for farmers stable despite a global price rally. The government had already raised its fertilizer subsidy by 140% in May for the 2021/22 financial year. Phosphate prices have risen sharply, pressuring domestic makers to lift retail prices.

- Date: 2021-10-12 · published 2021-10-12T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/44884-india-to-provide-additional-subsidy-for-phosphate-based-fertilizer-govt
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

The subsidy supports Indian DAP demand and keeps import buying in place even as world prices climb, so it limits downside for global phosphate prices while signaling sustained fertilizer cost pressure on crop output.

## Read by commodity

- DAP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2022-04-27 | [India approves $8 bln subsidy for phosphate-based fertilizers](https://feedsoft.ai/events/42147-india-approves-8-bln-subsidy-for-phosphate-based-fertilizers.md) | -7.9% | -9.4% |
| DAP | 2022-01-04 | [Global Phosphorus Fertilizer Trends and Outlook to 2022 – Phosphate Price](https://feedsoft.ai/events/43469-global-phosphorus-fertilizer-trends-and-outlook-to-2022-phosphate-price.md) | -0.5% | -4.6% |
| DAP | 2021-10-01 | [Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/4700-farmer-fertilizer-focus-phosphates.md) | +4.6% | +4.6% |
| DAP | 2022-04-01 | [Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/5509-farmer-fertilizer-focus-phosphates.md) | -1.6% | -9.3% |
| DAP | 2020-06-26 | [Petition Summary: Phosphate Fertilizers from Morocco and Russia \| International Trade & Supply Chain Insights](https://feedsoft.ai/events/52544-petition-summary-phosphate-fertilizers-from-morocco-and-russia-international.md) | +5.2% | +11.6% |

## Sources

- reuters.com: https://www.reuters.com/world/india/india-provide-additional-subsidy-phosphate-based-fertilizer-govt-2021-10-12/

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