India's Fertiliser Stocks Hit Record High, Insulated from Middle East Risks

• India's fertiliser inventories surged to a record 177.31 lakh tonnes, up 36.5% from last year, ahead of the kharif season.
• Government reassures farmers of uninterrupted supply despite West Asia tensions, urging them to proceed with kharif preparations without panic.
• Key fertiliser stocks: Urea at 59.30 lakh tonne, DAP at 25.13 lakh tonne, and NPKS at 55.87 lakh tonne.
• India imported 98 lakh tonne of finished fertilisers till February 2026, with 17 lakh tonne more lined up; long-term P&K supply agreements secured.
• Gas allocation to the fertiliser sector is a top national priority; companies are preponing plant shutdowns for maintenance to March.