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India's urea sales rose 7% and DAP sales rose 15% in April-February of FY23, lifting total fertiliser sales 2%, while muriate of potash and complex fertiliser usage fell. Industry officials blamed a pricing anomaly in which MoP now costs Rs 400 per bag more than DAP, pushing farmers toward cheaper urea.
Strong Indian urea and DAP offtake supports demand for nitrogen and phosphate products, while the price imbalance with potash could shift fertilizer application patterns and import needs.
thehindubusinessline.comPrabhudatta MishraMar 30, 2023After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
Not enough comparable past events yet for a historical read.
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.
