
Uttar Pradesh suspended 315 fertilizer dealer licences and cancelled 72 during the rabi season after more than 16,000 sales points were inspected in 16,912 raids; authorities also reported 48 FIRs and 28 arrests. The state said fertilizer availability by September 29 was 3.162 million tonnes, up from 2.161 million tonnes a year earlier, although farmers queued for DAP in Agra on November 7.
The higher reported stocks suggest enforcement is intended to address hoarding and illegal sales rather than a statewide supply deficit, but localized access problems could still disrupt timely fertilizer use.
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.
After 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.
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.