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India's Cabinet approved rabi season fertiliser subsidy rates on November 11, with the government expected to spend about ₹62,370 crore, up 64% from last rabi. The DAP farm price stays at ₹1,350 per 50 kg bag while the government pays about ₹2,368 per bag.
A larger subsidy keeps Indian DAP demand supported despite world fertiliser price increases, which signals sustained import demand and firm phosphate prices.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), 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.