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India's Ministry of Agriculture has flagged sharp increases in urea and DAP consumption during the 2024-25 rabi season across several states, including Haryana. Haryana's urea use rose 18% above the three-year average, and officials suspect diversion and overuse.
Enforcement actions include FIRs, licence suspensions and cancellations.
Heavy domestic consumption raises India's import needs for urea and DAP, but enforcement and possible demand curbs could limit future purchases. The net effect on global prices is uncertain.
tribuneindia.comBhartesh Singh ThakurFeb 27, 2025After 26 past neutral policy events, Urea moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% over 20.
After 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.
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.
