Loading…
Prime Minister Narendra Modi said at an India Today Kisan conference on 12 November that the government has spent ₹16 lakh crore over 12 years to keep fertiliser affordable. He said DAP sells for about ₹5,000 a bag internationally but is provided to Indian farmers at ₹1,300, with urea similarly subsidised.
Heavy Indian subsidies keep domestic fertiliser demand strong despite high global DAP and urea prices, supporting continued import demand that underpins international phosphate and nitrogen prices.
bazaar.businesstoday.inGungun MishraNov 13, 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.
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.
