India fertiliser industry urges higher Kharif subsidy rates as input costs jump 100%–200%
AI Market Summary
India's fertiliser industry is pushing for higher nutrient-based subsidy rates for the Kharif season as Middle East disruptions drive key input costs up 100-200% (some 3-4x), making current economics unviable. The government has already raised P&K subsidies 12% to Rs 41,534 crore and set per-kg rates for N, P, K and S. The news is mainly a domestic fiscal/support measure with limited direct tradable-asset linkage.
Impact level
● Low
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India has approved a Rs 41,534 crore subsidy for phosphatic and potassic (P&K) fertilisers for the 202526 Kharif season, up 12% from the year-ago period, as raw material costs surged by 100%–200% and some inputs rose 3 to 4 times. The government also set per-kg nutrient subsidy rates for nitrogen, phosphate, potash and sulphur. Total fertiliser production stood at 517.49 lakh tonnes during 202526, while urea imports rose 83% to 103.50 lakh tonnes, according to government data.
