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Indian farmers have seen little benefit from the fall in global fertiliser prices, as the retail price of DAP has stayed flat at about Rs 20,500 per tonne. The article also notes that crude oil prices fell sharply while domestic fuel prices stayed high because of higher excise duties.
Domestic retail prices in India are set largely by taxes and subsidies rather than world prices, so the drop in global fertilizer prices does not translate into lower costs for Indian farmers. Import demand may still respond to the lower world prices.
indianexpress.comHarish DamodaranJul 12, 2017After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), and +1.9% 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.
