India is set to import a record 2.5 million tons of urea, with purchase prices nearly double the levels paid just two months ago, highlighting the sharp rise in global fertilizer costs.
The large-scale procurement comes as the government moves to secure adequate supplies ahead of key agricultural demand seasons, ensuring uninterrupted availability for farmers across the country.
Industry sources indicate that international urea prices have surged due to tighter global supply, higher energy costs, geopolitical disruptions, and strong seasonal demand from major importing nations.
The higher import bill is expected to increase subsidy pressure on the government, which absorbs a significant portion of fertilizer costs to keep domestic retail prices affordable for farmers.
India remains one of the world’s largest urea consumers and importers, making global price swings a critical factor in the country’s agricultural input strategy and fiscal planning.
Officials are likely to continue monitoring international markets closely while balancing supply security, subsidy management, and domestic production capacity.