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The Indian government raised the subsidised-era retail price of DAP fertilizer by Rs140 per 50kg bag, from Rs1,250 to Rs1,390, ahead of the rabi season. Farmer groups called the increase unacceptable, and officials attributed it to rupee depreciation and higher imported phosphate and potash costs.
A higher DAP price in India reflects stronger import costs from firmer phosphate and potash prices and a weaker rupee, which supports fertilizer prices and could curb rabi-season application volumes.
tribuneindia.comUpdated At : 06:51 AM Oct 13, 2018 ISTOct 13, 2018After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.
Not 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.
