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IFFCO reduced DAP retail price by Rs 50 to Rs 1,250 per 50 kg bag from Rs 1,300, along with cuts to NPK and NP complexes, effective October 11, 2019. Urea remained steady at Rs 266.50 per 45 kg bag.
The cut reflects easing global raw material and fertilizer prices, pointing to softer phosphate costs for Indian buyers.
timesofindia.indiatimes.comPTIOct 11, 2019Not 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.
