India has 1.6365 million tonnes of fertiliser in stock; output ramp-up to support Kharif demand, government says
AI Market Summary
India signaled fertilizer supply resilience ahead of Kharif season, citing sizable inventories, restored natural-gas availability for urea plants, and secure passage of import shipments through the Strait of Hormuz. The update reduces near-term fears of input shortages and supply-chain disruption tied to Middle East transit risk. Market impact is likely limited, but it modestly eases upside tail risks for energy-linked fertilizer production costs.
Impact level
● Low
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AI Insight · NCCO1OILWTI2USD/USDTAI Insight
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India's fertiliser inventories stood at 1.6365 million tonnes as of July 2, covering 43% of demand for the Kharif season, according to the government. It said natural gas supplies have been restored to 100%, allowing urea plants to operate at full capacity. On the import front, 15 fertiliser vessels have safely transited the Strait of Hormuz, with another five ships currently en route. The government said it is working to keep farm input supplies stable through diversified imports, higher domestic production and adequate buffer stocks.
