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India's government met fertilizer manufacturers and importers on April 12, 2021, to review supply for the Kharif 2021 season. Officials reported comfortable urea availability across states and discussed phosphatic fertilizer price increases by IFFCO and rising global raw material costs.
Adequate Indian urea stocks reduce near-term import urgency and limit upward pressure on urea, though rising phosphate prices and import dependence keep DAP costs firm.
pib.gov.inApr 14, 2021After 26 past neutral policy events, Urea moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% over 20.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
