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Argus reports that India's re-elected government is considering adding urea to the nutrient-based subsidy scheme and moving toward gradual increases in the fixed retail price of about Rs 5,360/t. Any change could not take effect before April 2020 under the current fiscal-year commitment.
A possible rise in Indian urea retail prices would reduce subsidy-driven import demand over time, which could weigh on global urea prices. The timing is distant, so the near-term impact is small.
worldfertilizer.comNaomi HollimanJun 12, 2019After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% 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.
