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India's Department of Fertilizers notified new Nutrient Based Subsidy rates on May 18, 2023, after a cabinet decision on May 17. The subsidy on DAP for the Kharif season (April to September 2023) is Rs 15,792 per tonne lower than for the Rabi season, leaving DAP at Rs 32,641 per tonne.
A lower government subsidy reduces the state's fertilizer bill and signals that global phosphate prices have eased. Net DAP costs to Indian farmers and importers depend on how much of the subsidy cut is passed through, so the direct price effect on phosphate is uncertain.
eng.ruralvoice.inAvishek Raja22 Mei 2023Setelah 29 peristiwa kebijakan netral sebelumnya, DAP bergerak median +0,2% selama 5 sesi (55% lebih tinggi; separuh tengah -0,4% sampai +1,3%), dan +1,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
India's cut in the Kharif DAP subsidy by Rs 15,792/t, announced May 17-18, lowers the support for the world's largest DAP importer and points to weaker import demand and lower price expectations, which fits the sharp drop in the week to May 26.
India's lower Kharif DAP subsidy and low global prices weaken the import demand and price support from the largest DAP buyer.
India's cut in the Kharif DAP subsidy by Rs 15,792/t, announced May 17-18, lowers the price support for the largest DAP importer and could weaken import demand and sentiment, though it came a few days before the drop.
