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India's government may cut import duty on rock phosphate and sulphur used to make DAP in the Budget. The country imports about 95% of its DAP needs and about 30% of its urea.
Lower duties on DAP inputs could boost domestic production and reduce import demand, modestly easing pressure on global DAP import prices.
moneycontrol.comFeb 1, 2020After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
