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India's Fertilizer Stock Up Despite Global Tensions
14 Mar
Summary
- India's fertilizer stock is robust for the 2026 Kharif season.
- Urea, DAP, and NPK stocks exceed previous year's levels significantly.
- Imports secured amid geopolitical risks; supplies expected by March end.
India has ensured substantial fertilizer stocks, including urea, DAP, and NPK, well ahead of the 2026 Kharif sowing season. As of March 14, 2026, urea stocks stand at approximately 62 lakh tonnes, with DAP at 25 lakh tonnes and NPK reaching a record 56 lakh tonnes. These levels are notably higher than the previous year, providing a buffer against potential supply chain shocks.
To bolster availability, India has accelerated import efforts by advancing a global urea tender in mid-February, securing about 13.5 lakh tonnes. Most of these imports are anticipated to arrive by the end of March. Domestic production is also contributing, with normal monthly urea output estimated at 25 lakh tonnes, though March production is slightly lower due to advanced plant maintenance.
Measures are in place to monitor sales across 652 districts to prevent hoarding. Fertiliser supplies from Russia remain consistent, and shipments from Russia and Morocco are being rerouted. India's long-term DAP agreement with Saudi Arabia also ensures steady availability, providing confidence for the peak demand period starting around mid-May, contingent on a normal monsoon.
