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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
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News18
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23-03-2026, 11:33
Fertiliser Shock: India Grapples With Soaring Prices Amid Iran War
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US-Israel-Iran war disrupts global fertiliser supply via Strait of Hormuz, impacting 20-30% of exports.
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Global fertiliser prices surge; urea rises from $484 to $597 per metric tonne due to supply cuts and risk premiums.
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India, heavily reliant on imports, faces higher costs and reduced domestic production due to disrupted Middle East transit and LNG supplies.
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Government seeks alternative suppliers (Russia, Belarus, Morocco) and manages rising subsidy bills to ensure food security.
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India secures 1 million tonnes of urea, sufficient until May 2026, but needs more imports for peak planting season.
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