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India's government relaxed export norms for fertilisers, moving items including urea, potassic and phosphatic fertilisers from the restricted to the free category, subject to prior permission from the Department of Fertiliser. India remains a net importer of these products, importing large volumes of DAP, MOP and urea in the current fiscal year.
Looser Indian export rules add a modest source of supply to already well-supplied phosphate and potash markets, which may cap upside in fertilizer prices that feed into feed-grain production costs.
livemint.comPTIJan 7, 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.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
