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ICRA said international prices of phosphatic fertilisers and their imported inputs have hardened to multi-year highs. Indian government subsidy rates under the NBS scheme were left unchanged for FY22.
Unchanged subsidies against rising global DAP costs put upward pressure on Indian retail fertiliser prices and squeeze manufacturer margins. This keeps phosphate costs elevated for crop producers.
devdiscourse.comPTIApr 27, 2021After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% 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.
