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India's government is considering cutting the potash subsidy for the 2017-18 fiscal year while raising subsidies for phosphatic and sulphur fertilizers. The draft proposal cites falling global potash prices, now around $227 a tonne, and higher DAP at $330 a tonne and urea at $260 a tonne.
A proposed subsidy shift would change Indian fertilizer purchasing patterns, potentially favoring phosphate demand over potash. The proposal is not yet final and is subject to cabinet approval.
india.comAbout the Author PTI FeedsFeb 17, 2017Not enough comparable past events yet for a historical read.
After 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.
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.
