# IFFCO reduces retail prices of non-urea fertilisers by up to Rs 50/bag | Market - Other Commodities - Business Standard

> IFFCO cut maximum retail prices of DAP by Rs 50 to Rs 1,200 per 50 kg bag and reduced NPK and NP complex fertilizer prices by up to Rs 50 per bag, effective October 11, 2019. The cooperative cited softening global prices of raw materials and manufactured fertilizers.

- Date: 2019-10-11 · published 2019-10-11T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/8766-iffco-reduces-retail-prices-of-non-urea-fertilisers-by-up-to-rs-50-bag-market
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Lower Indian retail phosphate prices reflect softer global raw material costs, a mildly bearish signal for DAP demand and pricing pressure.

## Read by commodity

- DAP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-04-11 | [Fertiliser prices rise by Tk5 per kg as govt reduces subsidy \| The Business Standard](https://feedsoft.ai/events/36724-fertiliser-prices-rise-by-tk5-per-kg-as-govt-reduces-subsidy-the-business.md) | +8.6% | -3.4% |
| DAP | 2023-02-06 | [State chokes DAP fertiliser use to control soil acidity - Business Daily](https://feedsoft.ai/events/11837-state-chokes-dap-fertiliser-use-to-control-soil-acidity-business-daily.md) | -2.6% | -7.9% |
| DAP | 2022-11-10 | [Fertilizer Companies Slash DAP Prices by Rs. 1,130 per Bag](https://feedsoft.ai/events/39005-fertilizer-companies-slash-dap-prices-by-rs-1-130-per-bag.md) | +1.5% | -5.3% |
| DAP | 2019-09-05 | [Advance tax withdrawn from all chemical fertiliser import \| The Business Standard](https://feedsoft.ai/events/57403-advance-tax-withdrawn-from-all-chemical-fertiliser-import-the-business-standard.md) | +1.1% | +1.4% |
| DAP | 2022-01-27 | [Lower use of fertilizers could adversely affect wheat output: official - Markets - Business Recorder](https://feedsoft.ai/events/43444-lower-use-of-fertilizers-could-adversely-affect-wheat-output-official-markets.md) | -2.0% | +4.1% |

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/iffco-reduces-retail-prices-of-non-urea-fertilisers-by-up-to-rs-50-bag-119101101067_1.html
- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/iffco-reduces-retail-prices-of-non-urea-fertilisers-by-rs-50bag/article29656318.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.