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India's government subsidy for DAP was raised 140% so farmers pay Rs 1,200 per bag despite a Rs 1,900 import-driven price. Experts expect ammonia and phosphoric acid prices to soften in coming months as peak DAP demand in the US, Brazil and China ends.
Softer ammonia and phosphoric acid costs should ease DAP import prices and reduce pressure for further subsidy support, though India's elevated subsidy bill persists.
business-standard.comSanjeeb MukherjeeMay 20, 2021Not 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.
