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India's cabinet approved rolling over increased prices for phosphatic and potassic fertilizers for 2021-22, with the government absorbing higher international DAP and NPK raw material costs through extra subsidy. The package also brings potash derived from molasses under the nutrient-based subsidy scheme.
Government absorption of input cost increases keeps Indian farm-level DAP and NPK prices stable, supporting Indian demand despite high global phosphate prices, and the potash-from-molasses move modestly reduces import dependence on MOP.
pib.gov.inMay 20, 2021After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), 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.
