Amid concerns over supply disruptions from West Asia tensions, India reassures that it maintains robust fertiliser security with ample stocks for the kharif sowing season. The government hints at a possible review of the fertiliser subsidy burden for the fiscal year due to a significant drop in global urea prices.
Aparna S. Sharma, Additional Secretary in the Ministry of Chemicals and Fertilisers, affirms that India’s fertiliser stock position is comfortable and can meet agricultural needs. She mentions that the initial fertiliser subsidy estimate for 2026-27 was based on market trends but may be reconsidered given recent global developments.
Sharma explains that the government will reevaluate subsidy projections after confirming supplier quantities and import requirements. This reassessment follows National Fertilizers Limited receiving bids exceeding 6 million tonnes against a 1.7 million-tonne urea import tender.
The decline in global urea prices is anticipated to help control fertiliser subsidy costs while ensuring nutrient availability for the upcoming rabi season. Sharma attributes the price reduction to new market entrants, leading to a significant price decrease. India’s strong inventory position may reduce import reliance on exporting nations.
Sharma credits long-term supply agreements, joint ventures abroad, and coordinated efforts through Indian missions for ensuring uninterrupted fertiliser availability. India has secured urea supplies from countries like Oman, Malaysia, Vietnam, and others, while DAP and NPK fertilisers are sourced from various nations including Russia, Morocco, and Saudi Arabia.
