India secures costly urea imports as Middle East disruption sends global prices soaring
India has agreed to import urea at nearly double the prices it paid earlier this year, as supply disruptions linked to escalating tensions in the Middle East continue to ripple through global fertilizer markets. The move, reported by Reuters, underscores mounting pressure on the world’s largest urea importer to secure critical agricultural inputs ahead of its key monsoon sowing season.
According to the report, New Delhi is set to import a record 2.5 million metric tons of urea through a single tender issued in April, marking one of the largest procurement efforts in recent years. The purchase comes at a time when global supply chains are under strain, driven largely by geopolitical instability in energy-producing regions that are vital to fertilizer production.
State-run Indian Potash Ltd. has reportedly finalized agreements to acquire 1.5 million tons of urea at $935 per ton for delivery to India’s west coast. An additional 1 million tons will be shipped to the east coast at a slightly higher price of $959 per ton. These figures represent a sharp increase compared to prices earlier in 2026, when bids were reportedly around $508–$512 per ton.
The dramatic price surge reflects a combination of supply disruptions and heightened demand, particularly as India prepares for the cultivation of monsoon-dependent crops such as rice, corn, and soybeans. The monsoon season, typically beginning in June, is a critical period for India’s agricultural sector, which employs a significant portion of the country’s workforce and contributes substantially to its economy.
Prior to the escalation of conflict involving Iran, fertilizer prices had remained relatively stable. However, military developments involving the United States and........
