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Sri Lanka's government has imposed price ceilings on urea, muriate of potash and triple superphosphate, and AgStar says the controls have left fertilizer margins very thin. Sales fell sharply in the last quarter of the 2017/18 financial year as private importers pulled back, creating a shortage.
The government then moved to restore supply through its own interventions.
Price ceilings below world levels discourage imports and create local shortages, so Sri Lankan fertilizer demand is being met through state channels. The effect on global fertilizer prices is small given the country's limited import volume.
economynext.comThursdayJun 7, 2018After 26 past neutral policy events, UREA moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% 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.
