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India's Union Cabinet approved a tentative Rs 62,370 crore nutrient-based subsidy budget for P&K fertilisers for the Rabi 2026-27 season, covering October 2026 to March 2027. The outlay is about 64% higher than the Rs 37,952 crore set for Rabi 2025-26.
Per-kg subsidy rates rise sharply for nitrogen and sulphur, while potash is unchanged.
Higher subsidies support Indian fertiliser demand and imports of DAP, urea and potash at elevated international prices, tightening phosphate and nitrogen supply. The government cited West Asia and Russia-Ukraine pressures on input prices, which points to firmer fertiliser costs for feed-grain producers.
peepalsglobal.comRohit SharmaNov 12, 2026After 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.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
Not enough comparable past events yet for a historical read.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
