
India's federal cabinet approved rabi season 2026-27 subsidies for phosphatic and potash fertilizers totaling Rs 62,370 crore. The government will keep the price of a 50 kg bag of DAP unchanged at Rs 1,350 despite higher international fertilizer and raw material prices.
Subsidizing DAP at a fixed domestic price keeps Indian phosphate demand steady even as global costs rise, which supports import demand for phosphate inputs and limits farmers' cost pressure during sowing.
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.