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India's government told fertiliser companies they cannot raise prices for now, after some firms reportedly lifted prices by more than a third following higher DAP and potash costs. Fertiliser company shares fell in response.
The price freeze blocks pass-through of rising global phosphate and potash costs, squeezing producer margins and possibly affecting supply. Farmers face less immediate price pressure, but the gap between domestic and import costs may raise the risk of shortages.
ndtvprofit.comApr 9, 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.
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.
