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Commodity Market, Commodities News Today | The HinduBusinessLine

India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety NSE gets MCA approval to launch National Coal Exchange of India Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Iranian crude returns to India after seven years as tankers dock at key ports India's March palm oil imports fall 19% to three-month low Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns Sharp fall in prices hit gold ETF inflows in March India to continue buying Russian crude oil Gold futures drop ₹1,363 to ₹1,52,071/10g India targets 30 lakh PNG connections amid LPG supply concerns Crude oil futures rise on Hormuz disruptions, Saudi attack reports Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% No LPG shortage in country, vessels continuously coming to India via Hormuz: Petroleum Secretary Neeraj Mittal Russia offers sanctioned LNG to energy-hungry Asia at a discount Crude oil futures rise after Israeli attacks on Lebanon West Asia Conflict: Natural gas allocation to fertiliser sector upped to 95% Oil and Gas prices plunge after US and Iran agree to a ceasefire US ceasefire may boost LPG, LNG supplies to India in short term Natural Diamond Council celebrates ‘World Diamond Day’ India set to get first Iranian crude oil cargo in 7 years Crude oil futures crashes 6% to hit lower circuit as US-Iran ceasefire cools tensions Gold rises to near three-week high as Trump pauses attacks on Iran India’s green energy drive faces critical minerals hurdle amid global race Oil plunges, stocks surge as US-Iran ceasefire sparks global market rally Freight surge, logjam hurts egg exports despite strong demand Sugar consumption in April may fall by 2 lakh tonnes on cool weather and LPG scarcity Industry body urges Maharashtra to retain inspector-free fertilizer policy Government amends mining rules to boost critical mineral exploration and self-reliance Silver futures decline ₹1,479 to ₹2.31 lakh/kg as geopolitical risks lift inflation outlook IGX gas trade rises 28% YoY in FY26 to record 76.8 million MMBtu India returns to buying Venezuelan crude to ease supply crunch Crude oil futures hit record ₹10,888/barrel; WTI touches $116 Crude oil futures rise after Trump threatens Iran over Hormuz deadline Prices of essential food items are not unusually volatile, says Govt NSE to launch Brent Crude futures based on Platts benchmark West Asia crisis hits activated carbon exports as costs surge amid shipping woes Crude oil futures rise to ₹9,284/barrel as Trump threatens Iran over Hormuz blockade Saudi Arabia hikes Arab Light May OSP for Asia to record $19.50/bbl Crude oil unlikely to fall to $70 in 2026, may remain at $80-85; risks to growth, inflation: UBI report Kharif 2026: Crystal Crop Protection launches fodder seed products Brent crude edges up as Trump issues ultimatum to Iran OPEC+ to raise output in May as Russia, Saudi Arabia lead increase OPEC+ output hike overshadowed by Strait of Hormuz disruption Crude Check: Strength Intact Five EU countries call for windfall tax on energy companies amid Iran war India resumes energy trade with Iran after seven years Iran, Saudi LPG shipments arrive, unload at New Mangalore Port India buys oil from Iran for first time in 7 years with no payment issues Govt says fuel supplies sufficient despite war disruption, avoid panic buying West Asia Conflict: Russia offers topping up supplies of crude, fertilisers, LNG to India Iranian Oil cargo to India diverts to China amid payment dispute Central banks gold purchases net up in February, but Russia, Turkiye sell BuzzBallz clocks 3x monthly growth in Bengaluru, eyes Maharashtra and Goa expansion India’s 2026-27 peanut output may rise 3% on higher area Hindustan Zinc mined metal production up 2% in 2025-26; silver down 9% Basmati exporters seek relief as shipping lines levy charges amid disruption due to war Tanker carrying Iranian crude oil shifts course from India to China Oil prices surge while Asian share prices rise moderately Trump to reduce steel, aluminum tariff rates for derivative products, sources say West Asia conflict erodes Qatar’s share in India’s LNG imports to record low in March India procures 6% more rice from farmers in 2025-26 kharif marketing season OPEC+ likely to weigh further oil output hike on Sunday, sources say Reliance SEZ refinery exempt from diesel, ATF export tax: Govt OMCs face losses as crude tops $100 while fuel prices remain unchanged
After Indian PM’s appeal to cut fertilizer use, Govt says it has ample stocks
2026-05-11 · via Commodity Market, Commodities News Today | The HinduBusinessLine
Combined sales of four key fertilisers — Urea, DAP, MOP and complexes — rose 25 per cent to 23.59 lakh tonnes in April 2026 from 18.9 lakh tonnes a year earlier.

Combined sales of four key fertilisers — Urea, DAP, MOP and complexes — rose 25 per cent to 23.59 lakh tonnes in April 2026 from 18.9 lakh tonnes a year earlier. | Photo Credit: VENGADESH R

Amid rising demand and Prime Minister Narendra Modi’s appeal to farmers to reduce the use of chemical fertilizers by 25-50 per cent, the government on Monday said that India has ample stocks of fertilisers for the upcoming kharif sowing season.

Agriculture minister Shivraj Singh Chouhan expressed confidence that it is possible to reduce 50 per cent of chemical fertilisers and still maintain productivity.

The combined sales of all four key fertilizers — urea, di-ammonium phosphate (DAP), muriate of potash (MOP) and complex (combination of N, P, K nutrients) — rose 25 per cent to 23.59 lakh tonnes (lt) in April 2026, compared with 18.9 lt in the corresponding period a year ago. While DAP sales rose by a maximum of 57 per cent to 3.45 lt, complex surged by 44 per cent to 5.15 lt. Urea sales, too, were up 14 per cent to 13.93 lt, and those of MOP by 12 per cent to 1.06 lt.

PM’s call

On Sunday, the Prime Minister , appealed to the farmers to cut the use of chemical fertilizers by 25-50 per cent to save foreign exchange as well as soil. Reminding people that one bag of fertilizer (Urea) is sold at ₹3,000 in other countries, he said the government has taken on the burden by making it available to farmers in India at less than ₹300/bag.

“We need to take a pledge...we have to do it,” he said, stressing the need to curb fertilizer application as the soil is getting degraded. One day, the soil would stop producing, Modi warned and suggested that farmers move towards natural farming.

Panic buying

In the inter-ministerial briefing on West Asia on Monday, Aparna S Sharma, Additional Secretary in the Department of Fertilizers, said that there was some panic buying initially (after the war). She also said that the Central and State governments are making efforts to promote the balanced use of fertilizers and curb excessive use. States are taking action to curb hoarding and check the diversion of soil nutrients for commercial use.

“India’s fertiliser security remains comfortable and well managed,” She said, adding the current stock level is more than 51 per cent of the total demand of 390.54 lt for the Kharif 2026 season, which is significantly higher than the usual level of 33 per cent. She further said that after the war, the domestic production was 76.78 lt while imports were 19.94 lt.

The government earlier had said that domestic production for March-April was at 67.76 lt — urea 40.72 lt, DAP 5.39 lt, complex 13.65 lt. India does not produce MoP as it is 100 per cent import dependent.

Subsidy pressure

On the fertiliser subsidy bill, she said it would be cleared in due course to maintain the liquidity of fertiliser companies. She said that against a ₹2.21 lakh crore fertiliser subsidy in the last fiscal, the Budget Estimate for FY27 is ₹1.77 lakh crore.

However, as global fertilizer prices have gone up, with Urea nearly doubling, the government would factor those in when the subsidy is finalised.

Published on May 11, 2026