India receives urea offers nearly 10% below August prices

India: India is one of the world's largest agricultural economies and a major importer of urea fertilizer to sustain its extensive farming sector. Through state-linked entities like Indian Potash Ltd., it regularly conducts tenders to procure supplies for domestic use. In early October 2026, it received lower offers in a recent urea tender amid signs of broader market relief, while the government advanced policies to boost domestic production capacity and reduce import dependence. Import Role: India's procurement activities serve as a key benchmark influencing urea pricing for other importers worldwide. Market Trend: Global fertilizer markets are showing easing supply pressures after earlier disruptions in key regions. Fertilizer Policy: India approved a new national investment policy to expand domestic urea production through additional gas-based plants.