# Govt cuts subsidy for non-urea fertilisers, to cost Rs 22,186.55 crore for FY21- Moneycontrol.com

> India's cabinet approved nutrient-based subsidy rates for phosphatic and potassic fertilizers for 2020-21, with expected spending of Rs 22,186.55 crore. Subsidy rates were cut for nitrogen, phosphorus, potash and sulphur compared with the prior year. The decision was taken at a Cabinet Committee on Economic Affairs meeting.

- Date: 2020-04-22 · published 2020-04-22T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/53948-govt-cuts-subsidy-for-non-urea-fertilisers-to-cost-rs-22-186-55-crore-for-fy21
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Lower Indian subsidies may dampen fertilizer demand or raise farm-level costs for phosphate and potash, a modest bearish signal for fertilizer prices in the near term.

## Read by commodity

- DAP: bearish ▼
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2020-06-08 | [Subsidy for fertiliser to decline](https://feedsoft.ai/events/52928-subsidy-for-fertiliser-to-decline.md) | +0.6% | +10.2% |
| DAP | 2023-01-18 | [Softening global prices to cut fertiliser subsidy in FY24: Secy \| Financial Express Mumbai - newspaper - Read this story on Magzter.com](https://feedsoft.ai/events/38107-softening-global-prices-to-cut-fertiliser-subsidy-in-fy24-secy-financial.md) | +1.1% | -0.8% |
| DAP | 2019-10-11 | [IFFCO reduces retail prices of non-urea fertilisers by up to Rs 50/bag \| Market - Other Commodities - Business Standard](https://feedsoft.ai/events/8766-iffco-reduces-retail-prices-of-non-urea-fertilisers-by-up-to-rs-50-bag-market.md) | +0.1% | -10.7% |
| DAP | 2022-10-03 | [U.N. pushes for global fertilizer price cut to avoid 'future crisis' \| Reuters](https://feedsoft.ai/events/39049-u-n-pushes-for-global-fertilizer-price-cut-to-avoid-future-crisis-reuters.md) | -1.7% | -5.5% |
| DAP | 2023-04-11 | [Fertiliser prices rise by Tk5 per kg as govt reduces subsidy \| The Business Standard](https://feedsoft.ai/events/36724-fertiliser-prices-rise-by-tk5-per-kg-as-govt-reduces-subsidy-the-business.md) | +8.6% | -3.4% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/india/govt-cuts-subsidy-for-non-urea-fertilisers-to-cost-rs-22186-55-crore-for-fy21-5177971.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.