# Budget 2020: Fertiliser stocks in focus; National Fertilisers up 3%

> 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.

- Date: 2020-02-01 · published 2020-02-01T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/4511-budget-2020-fertiliser-stocks-in-focus-national-fertilisers-up-3
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Lower duties on DAP inputs could boost domestic production and reduce import demand, modestly easing pressure on global DAP import prices.

## Read by commodity

- DAP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2025-02-25 | [India’s Strategic Shift in Fertiliser Consumption – GKToday](https://feedsoft.ai/events/7459-india-s-strategic-shift-in-fertiliser-consumption-gktoday.md) | +1.7% | +1.8% |
| DAP | 2020-06-08 | [Subsidy for fertiliser to decline](https://feedsoft.ai/events/52928-subsidy-for-fertiliser-to-decline.md) | +0.6% | +10.2% |
| DAP | 2021-06-18 | [U.S. phosphate fertilizer prices: duties suspended in 2026](https://feedsoft.ai/events/46922-u-s-phosphate-fertilizer-prices-duties-suspended-in-2026.md) | +1.9% | +0.8% |
| DAP | 2019-10-11 | [IFFCO reduces retail prices of non-urea fertilisers by up to Rs 50/bag \| Market - Other Commodities - Business Standard](https://feedsoft.ai/events/8766-iffco-reduces-retail-prices-of-non-urea-fertilisers-by-up-to-rs-50-bag-market.md) | +0.1% | -10.7% |
| DAP | 2023-11-29 | [December '23 Farmer Fertilizer Focus - Phopshate](https://feedsoft.ai/events/4322-december-23-farmer-fertilizer-focus-phopshate.md) | +0.9% | +3.9% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/stocks/budget-2020-fertiliser-stocks-in-focus-national-fertilisers-up-3-4889951.html

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