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India faces a possible fertiliser shortage during the rabi season as global prices surge. Urea imports now cost $510-515 per tonne against about $290 last year, and fertiliser imports fell in April-July 2021.
Officials cite China's temporary export suspension and Western sanctions on Belarus.
Strong Indian import demand combined with reduced Chinese and Belarusian supply keeps urea, DAP and potash prices firm.
indianexpress.comHarish DamodaranAug 5, 2021After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
Not enough comparable past events yet for a historical read.
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.
