Overview
- Government officials said on Monday that a second global tender for urea is in progress to boost supplies for the Kharif season and to offset route risks caused by the West Asia crisis.
- Officials report fertiliser stocks at about 51% of the season’s estimated Kharif requirement, a level notably higher than the typical roughly 33% buffer maintained at this time of year.
- India has secured shipments from suppliers outside the Strait of Hormuz, reported as about 25 lakh tonnes of urea and 50 lakh tonnes of DAP, with arrivals expected in June and July.
- The Agriculture Ministry has cut Kharif fertiliser demand—urea estimates were lowered by about 4 lakh tonnes to roughly 190 LMT and DAP estimates were reduced—and has set up crop‑weather watch and crisis management teams for states.
- Global urea prices have more than doubled since February to roughly USD 947 per tonne, which has raised import costs even as domestic production in May rose above last year and combined production plus imports added about 132.43 LMT to availability.