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India's Cabinet Committee on Economic Affairs approved amendments raising the import-parity-linked cap on urea production beyond reassessed capacity under the New Urea Policy 2015. ICRA called this a credit positive for urea makers, while no decision was taken on reimbursing higher fixed costs.
Higher allowable domestic urea output above the cap can add supply to India's market, modestly easing import needs and pressure on international urea prices.
business-standard.comANIApr 4, 2017After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% 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.
