# Press Release: Press Information Bureau

> The Indian government says reports of a DAP shortage are misleading, noting the farm-gate MRP has stayed at Rs 1,350 per bag and subsidy has been increased through two Cabinet decisions. It also cites availability pressure from geopolitical factors and longer shipping routes around the Cape of Good Hope.

- Date: 2024-10-23 · published 2024-10-23T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/6846-press-release-press-information-bureau
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Government subsidy support keeps domestic DAP procurement stable, but longer shipping routes and global supply strain still limit import availability and support phosphate prices.

## Read by commodity

- DAP: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2024-10-24 | 1 | +1.8% | 4.7 | Indian government statement on DAP availability pressure from geopolitics and longer shipping routes, plus subsidy increases, points to strong Indian import demand and tight supply, which supports DAP prices. |
| DAP | 2024-10-25 | 1 | +1.8% | 4.7 | The government acknowledged availability pressure from geopolitical factors and longer shipping routes and raised subsidies, which supports import demand and a firmer DAP price, though it also denied a shortage. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-11-27 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/12049-press-release-press-information-bureau.md) | -1.6% | +0.4% |
| DAP | 2021-04-14 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/47542-press-release-press-information-bureau.md) | -0.1% | +6.0% |
| DAP | 2022-03-15 | [Bill introduced to help provide relief on fertilizer tariffs - Texas Farm Bureau](https://feedsoft.ai/events/42259-bill-introduced-to-help-provide-relief-on-fertilizer-tariffs-texas-farm-bureau.md) | -0.5% | -0.5% |
| DAP | 2021-07-27 | [Runaway fertilizer prices and ITC investigation on UAN solutions raise eyebrows \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/46375-runaway-fertilizer-prices-and-itc-investigation-on-uan-solutions-raise-eyebrows.md) | -2.0% | -1.7% |
| DAP | 2020-10-09 | [Feedinfo - US Anti-Dumping Investigations on Phosphate Imports from Morocco and Russia Progress](https://feedsoft.ai/events/50576-feedinfo-us-anti-dumping-investigations-on-phosphate-imports-from-morocco-and.md) | 0.0% | -2.8% |

## Sources

- pib.gov.in: https://www.pib.gov.in/PressReleseDetailm.aspx?PRID=2067500

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.