India's Fertiliser Shock: Navigating Soaring Prices and Choked Supply Amid Iran War

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Fertiliser Shock: India Grapples With Soaring Prices Amid Iran War

India consumes about 35-36 million tonnes of urea annually, while the production is approximately 28-29 million tonnes per year. (AFP)

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News18•23-03-2026, 11:33

Fertiliser Shock: India Grapples With Soaring Prices Amid Iran War

•US-Israel-Iran war disrupts global fertiliser supply via Strait of Hormuz, impacting 20-30% of exports.
•Global fertiliser prices surge; urea rises from $484 to $597 per metric tonne due to supply cuts and risk premiums.
•India, heavily reliant on imports, faces higher costs and reduced domestic production due to disrupted Middle East transit and LNG supplies.
•Government seeks alternative suppliers (Russia, Belarus, Morocco) and manages rising subsidy bills to ensure food security.
•India secures 1 million tonnes of urea, sufficient until May 2026, but needs more imports for peak planting season.

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