# Fertilizer subsidy payout declines in April-September  - The HinduBusinessLine

> Government data showed the nutrient-based fertilizer subsidy payout fell about 38% during April-September, while the urea payout dropped 6%. The Fertilizer Ministry raised rabi 2024 subsidies, including a special package of Rs 3,500 per tonne for DAP to stabilise its price for farmers.

- Date: 2024-11-01 · published 2024-11-01T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/5408-fertilizer-subsidy-payout-declines-in-april-september-the-hindubusinessline
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower global fertilizer prices reduced subsidy costs, and India is increasing support to keep DAP affordable and maintain procurement. The policy aims to cap farm-level costs, which limits the price impact on DAP and urea demand.

## Read by commodity

- DAP: neutral
- UREA: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2020-09-25 | [India’s Fertilizer Under Pressure \| World Fertilizer](https://feedsoft.ai/events/51053-india-s-fertilizer-under-pressure-world-fertilizer.md) | -1.3% | -0.4% |
| DAP | 2026-10-22 | [Brazil fertilizer prices diverge in Q4 as StoneX sees firm nitrogen, stable potash - Fertilizer Daily](https://feedsoft.ai/events/676-brazil-fertilizer-prices-diverge-in-q4-as-stonex-sees-firm-nitrogen-stable.md) | 0.0% | — |
| DAP | 2023-04-18 | [Why stabilising the fertiliser market matters for Europe’s food industry](https://feedsoft.ai/events/36741-why-stabilising-the-fertiliser-market-matters-for-europe-s-food-industry.md) | 0.0% | -10.3% |
| DAP | 2026-09-01 | [The global nitrogen fertilizer market is gradually stabilizing](https://feedsoft.ai/events/5474-the-global-nitrogen-fertilizer-market-is-gradually-stabilizing.md) | +0.3% | +1.6% |
| DAP | 2022-07-20 | [Morocco's OCP offers Africa 550k tonnes of fertilizers \| Financial Post](https://feedsoft.ai/events/40817-morocco-s-ocp-offers-africa-550k-tonnes-of-fertilizers-financial-post.md) | -1.0% | -6.3% |
| UREA | 2022-12-06 | [Fertilizer subsidy bill in FY23 seen at ₹2.3-2.5 lakh cr.; may drop  25% in FY24: FAI - The Hindu](https://feedsoft.ai/events/38551-fertilizer-subsidy-bill-in-fy23-seen-at-2-3-2-5-lakh-cr-may-drop-25-in-fy24-fai.md) | -0.8% | -8.9% |
| UREA | 2020-09-25 | [India’s Fertilizer Under Pressure \| World Fertilizer](https://feedsoft.ai/events/51053-india-s-fertilizer-under-pressure-world-fertilizer.md) | -4.3% | -4.0% |
| UREA | 2021-02-01 | [Significant increase in fertiliser subsidy as Budget sidesteps reform](https://feedsoft.ai/events/12942-significant-increase-in-fertiliser-subsidy-as-budget-sidesteps-reform.md) | -4.3% | +0.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/fertilizer-subsidy-payout-declines-in-april-sept-sales-down-in-sept/article68819241.ece

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