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IFFCO, India's largest fertiliser cooperative, cut retail prices of DAP and NP/NPK complex fertilisers by 6-8 percent, effective July 10, 2019. DAP fell to Rs 1,300 per 50 kg bag, while neem-coated urea, which is government-controlled, stayed unchanged.
Lower phosphate and complex fertiliser prices reduce input costs for Indian farmers, citing ample stocks and softer global raw material prices. The move is a modest signal of easing phosphate and fertiliser input costs.
thehindubusinessline.comVishwanath KulkarniJul 18, 2019Not enough comparable past events yet for a historical read.
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.
