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An Ind-Ra study expects India to remain dependent on fertiliser imports in the medium term, with 100% of its potash imported. Urea imports are projected to fall to nil by FY21 as new domestic capacity comes online, while DAP imports decline and imports of rock phosphate and phosphoric acid rise.
Shifts in India's import mix alter future demand for urea and DAP, though the study gives no near-term price signal and India will keep buying potash.
thehindubusinessline.comPTIAug 13, 2018Not enough comparable past events yet for a historical read.
After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% 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.
