# Cabinet approves rabi fertiliser subsidy rates, estimated outlay rises 64% to Rs 62,370 crore

> India’s Cabinet approved fertilizer subsidy rates for the rabi season, with the P&K subsidy outlay estimated at Rs 62,370 crore, up 64% from the previous year. The government will keep the retail price of a DAP bag at Rs 1,350 despite rising global fertilizer prices, while fertilizer stocks were up 35.6% year on year to 235.21 lakh tonnes as of November 10.

- Date: 2026-11-11 · published 2026-11-11T12:13:02.519Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/93444-cabinet-approves-rabi-fertiliser-subsidy-rates-estimated-outlay-rises-64-to-rs
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

The larger subsidy cushions farmers from higher global fertilizer costs and may sustain seasonal fertilizer demand, while the higher reported stocks provide a near-term supply buffer. The fixed DAP retail price limits the pass-through of global price increases to Indian farmers.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲
- UREA: neutral
- POTASH: bullish ▲
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-02-01 | [Significant increase in fertiliser subsidy as Budget sidesteps reform](https://feedsoft.ai/events/12942-significant-increase-in-fertiliser-subsidy-as-budget-sidesteps-reform.md) | -4.3% | +0.7% |
| UREA | 2024-11-01 | [Fertilizer subsidy payout declines in April-September  - The HinduBusinessLine](https://feedsoft.ai/events/5408-fertilizer-subsidy-payout-declines-in-april-september-the-hindubusinessline.md) | -4.7% | -5.0% |
| UREA | 2022-12-06 | [Fertilizer subsidy bill in FY23 seen at ₹2.3-2.5 lakh cr.; may drop  25% in FY24: FAI - The Hindu](https://feedsoft.ai/events/38551-fertilizer-subsidy-bill-in-fy23-seen-at-2-3-2-5-lakh-cr-may-drop-25-in-fy24-fai.md) | -0.8% | -8.9% |
| UREA | 2024-04-28 | [Uncertainty Brings Fertiliser Markets to Near Halt \| CZ app](https://feedsoft.ai/events/5020-uncertainty-brings-fertiliser-markets-to-near-halt-cz-app.md) | -7.7% | -6.1% |
| UREA | 2023-04-18 | [Why stabilising the fertiliser market matters for Europe’s food industry](https://feedsoft.ai/events/36741-why-stabilising-the-fertiliser-market-matters-for-europe-s-food-industry.md) | +1.5% | +6.3% |

## Sources

- businessworld.in: https://www.businessworld.in/article/cabinet-clears-rs-62-370-cr-rabi-fertiliser-subsidy-keeps-dap-at-rs-1-350-633122
- moneycontrol.com: https://www.moneycontrol.com/news/business/economy/cabinet-approves-rabi-fertiliser-subsidy-rates-estimated-outlay-rises-64-to-rs-62-370-crore-14077287.html
- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/fact-coromandel-gsfc-shares-gain-up-to-9-as-union-cabinet-clears-rs-62-370-crore-fertiliser-subsidy-14077172.html
- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/cabinet-approves-62370-crore-fertiliser-subsidy-for-rabi-season/article71689297.ece

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