- India is facing a significant fertilizer challenge due to rising global prices and supply disruptions triggered by geopolitical tensions, particularly around the Strait of Hormuz amid the US–Israel vs Iran conflict.
- Sharp Increase in Prices: Urea prices have nearly doubled within a short period, increasing from around $508 per tonne in February to about $935 per tonne in April.
- Input materials such as sulphur and ammonia have also witnessed steep price increases, significantly raising fertiliser production costs.
- High Import Dependence: India annually consumes 39-40 million tonnes (mt) of urea, of which 25% is imported. Read More
Fertiliser Crisis in India Amid Global Supply Disruptions
Context
Nature of the Crisis