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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; 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India may manage fertilizer availability in kharif, but likely to face problems during rabi
By Prabhudatta Mishra · 2026-05-29 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Fertilizer Secretary Rajat Mishra said that 50.6 lakh tonnes (lt) of urea have been sold between March 1 and May 25 

Fertilizer Secretary Rajat Mishra said that 50.6 lakh tonnes (lt) of urea have been sold between March 1 and May 25  | Photo Credit: VENKATACHALAPATHY C

While India may navigate the availability of fertilizers during the kharif season, it could face problems during the rabi season. Rajat Kumar Mishra, Secretary, Department of Fertilizer, Ministry of Chemicals and Fertilizers, on Friday said it would be difficult to respond to queries on rabi crop nutrients’ availability now due to the current geopolitical tensions.

He asked States to stop excessive use of fertilizers and their diversion for industrial purpose. He said per day urea sales was now 80,000 tonnes, almost double from normal and that it needs to be checked immediately.

He said the blockade of Strait of Hormuz has completely disrupted urea imports, DAP, ammonia and sulphur from West Asia to India. As many as 16 ships loaded with fertilizers and inputs are stuck in the Strait of Hormuz since March. But some experts are hopeful of easing of supplies after China lifted its ban on export ban of fertilizers two days ago.

10% higher sales

Sharing data before agriculture ministers of 17 States at the concluding day of the national kharif conference in New Delhi, Mishra said that 50.6 lakh tonnes (lt) of urea have been sold between March 1 and May 25 this year, which is nearly 10 per cent higher than 46.01 lt in the year-ago period. Major contributors to the higher sales include Maharashtra, Haryana, Punjab, Uttar Pradesh, Rajasthan, Jammu and Kashmir, Assam, Chhattisgarh, Jharkhand and West Bengal.

While companies have sold 1.4 lt more urea in Maharashtra alone during this period, in Haryana sales were reported to be 94,968 tonnes more, in Punjab 90,830 tonnes higher, while Uttar Pradesh 83,036 tonnes and Rajasthan 70,328 tonnes more.

Similarly, sales of di-ammonia phosphate (DAP) have surged by over 39 per cent to 12.49 lt since March 1 from 8.98 lt a year ago, after the West Asia crisis started with the war against Iran by the US and Israel in February. Higher sales of DAP were reported from Maharashtra, Karnataka, Punjab, West Bengal, Haryana, Bihar, Telangana, Rajasthan, Gujarat, Andhra Pradesh and Uttar Pradesh.

Sulphur scarcity

The Secretary told the States that the Centre is doing its best to source the fertilizers wherever available, but globally production has been affected. He said Morocco, which has 70 per cent of the world’s phosphorus reserves, is unable to produce adequate DAP/TSP due to scarcity of sulphur.

Commenting on some State agriculture ministers’ demand to move fertilizer sales through Agristack data, where verified land records of farmers are maintained, Union Agriculture Secretary Atish Chandra said that the Centre would roll out a pilot scheme in two districts each in all the “willing States” this kharif season. Sales would be regulated as per the land record and the crops grown, he said, adding that States have identified two districts where the pilot could be started.

Chandra also appealed to the States to take additional grants under the SASCI scheme by linking and implementing Agristack data in four key areas – fertilizer sales, procurement under MSP, PMFBY and crop production estimate.

Strong stocks position

Mishra, on the other hand, said that fertilizer sales in nearly 100 districts across the country have exceeded normal requirements by a significant margin and are being closely monitored by the government. However, owing to proactive government measures, India is currently in a much stronger fertilizer stock position than ever before, he added.

According to him, gas procured through the open tendering process for fertiliser plants has become 70-80 per cent costlier because of the war, while India has so far imported 25 lt of urea at prices 112 per cent higher than pre-war levels. Additionally, India has imported 13.5 lt of DAP at prices nearly 38 per cent above pre-war rates.

India requires around 390 lt of fertilizers during the current kharif season, while existing stocks as on May 25 are around 200 lt, as against 181 lt year-ago.

Published on May 29, 2026