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Fertiliser prices in Kashmir have risen up to 25 percent in recent months as the depreciating rupee raises the cost of imported DAP and muriate of potash. DAP retail rose from Rs 1,026 per bag to Rs 1,400, and MOP from Rs 550 to Rs 950, with freight costs also rising.
Currency-driven increases in imported phosphate and potash costs reflect firm import prices and a weaker rupee, which tends to reduce farmer application and affordability in India.
greaterkashmir.commigratorSep 24, 2018After 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.
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.
