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IFFCO, one of India's largest fertiliser cooperatives, said it will not raise prices of DAP, NPK and phosphatic fertilisers. The decision follows a 20% government subsidy cut that had raised fears of higher potash prices.
Holding domestic fertilizer prices limits the pass-through of subsidy cuts to farmers, which supports Indian demand for potash and phosphate imports and reduces pressure on suppliers.
timesofindia.indiatimes.comTIMESOFINDIA.COM / Updated: Apr 5, 2017, 23:27 ISTApr 5, 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.
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.
