Loading…
Fertiliser costs in India have risen, with DAP and muriate of potash up 24-27 percent year over year. A recent safeguard duty hike on phosphoric acid imports from the US to 20 percent is cited as a factor, alongside a weaker rupee raising import costs.
Higher phosphate and potash costs raise production expenses for crops and may tighten fertiliser supply in India, supporting prices for these inputs. The trade measure and currency weakness reinforce upward pressure on import costs.
moneycontrol.comMoneycontrol NewsJun 26, 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.
