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Indian farmers may pay 5 to 26 percent more for fertilizers this harvest season because international potash and phosphate prices have risen and the rupee has depreciated. Muriate of potash could rise 26 percent to Rs 880 per 50 kg bag, while DAP is already 8 percent higher than last kharif season.
Urea prices remain steady due to government controls.
A weaker rupee raises landed costs for imported DAP and potash, pressuring Indian fertilizer demand and farm margins, and it supports global phosphate and potash price levels.
krishijagran.comAbha ToppoSep 29, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% 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.
