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India's cabinet approved a 20% increase in the nitrogen subsidy rate and a 10% rise for sulphur, while cutting phosphate subsidy by 9.4% and potash subsidy by 20%. Analysts expect nitrogen and sulphur producers to gain while phosphate and potash producers may lose.
Shifting subsidies change Indian fertilizer economics, supporting urea demand and nitrogen producers while pressuring phosphate and potash import demand, which affects global fertilizer prices.
business-standard.comDilip Kumar JhaApr 13, 2017After 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.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
