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India raised its non-urea fertiliser subsidy to ₹37,952 crore for the October 2025 to March 2026 rabi season, with phosphorus support rising to ₹47.96 per kg. The increase compensates for higher import costs of phosphoric acid, sulphur and DAP.
Larger Indian subsidies support import demand for phosphate and sulphur, which can keep global phosphate prices firm despite broader softness.
business-standard.comSanjeeb Mukherjee, AgenciesOct 28, 2025After 250 past policy events, DAP moved a median +0.1% over 5 sessions (53% higher; middle half -0.6% to +1.3%), and +1.5% 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.
