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Business Standard reports that India's move to a Goods and Services Tax would raise the total tax on fertilizer from 6% to 12%, while key raw materials such as phosphoric acid and ammonia face 18% GST. Fertiliser firms face margin pressure and a backlog of unused input tax credits of nearly Rs 30,000 crore.
Higher Indian fertilizer prices or larger subsidy needs could raise DAP and urea import demand and support phosphate and nitrogen prices, with the cost pass-through still uncertain.
business-standard.comDilip Kumar JhaJun 5, 2017After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.
