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India has raised the import duty on phosphoric acid from the US to 20 percent from 5 percent as retaliation in the trade dispute with Washington. DAP and MoP retail prices have risen 18-20 percent since January, and phosphoric acid is around $730 a tonne.
Higher duties and rising phosphate and potash costs raise Indian fertiliser input costs for farmers, which can cut application and affect crop demand for feed grains. The rupee's 7 percent fall since January adds to import costs.
thehindubusinessline.comVishwanath KulkarniJun 25, 2018After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), 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.
