• India’s fertiliser imports are projected to rise 76% year-on-year to a record $18 billion in the current fiscal year ending March 2026.
  • In the first nine months of the fiscal year, fertiliser imports surged 71% from a year earlier to $13.98 billion.
  • A sharp increase in urea and DAP (Diammonium Phosphate) imports has been the primary driver of the higher import bill.
  • Officials expect large shipments of urea and other fertilisers to arrive in the March quarter, adding at least $4 billion more to imports.
  • India spent $10.23 billion on fertiliser imports last fiscal year, compared with an all-time high of $17.21 billion in 2022-23 amid global price spikes.
  • Fertiliser consumption is expected to rise by at least 5% this year due to expanded crop planting.
  • Above-average monsoon rainfall supported higher sowing activity, with 8% higher-than- normal rainfall during June-September and 49% excess rainfall in October.
  • Farmers have planted winter crops across 65.23 million hectares since October 1, up 3.3% from a year earlier.
  • Increased rice and maize acreage has significantly boosted urea consumption, according to industry representatives.
  • Urea imports are projected to increase up to 61% to 9 million metric tonnes, while DAP imports may jump 52% to 7 million tonnes.
  • India primarily imports urea and DAP from Oman, Russia, China, Saudi Arabia, and Morocco.