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India's finance ministry is reportedly considering a nutrient-based subsidy scheme covering nitrogen, phosphorus and potassium fertilizers, along with possible urea price decontrol. NFL's chairman said the industry would welcome a nutrient-based subsidy for urea, which would mean partial decontrol with price safeguards.
No decision has been taken, and the company said it has no details of the policy.
A move toward nutrient-based subsidies and partial urea decontrol would change Indian fertilizer pricing and import needs, which could move global urea prices depending on the final design and timing.
cnbctv18.comLatha VenkateshJan 16, 2020After 26 past neutral policy events, Urea moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% 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.
