NEW DELHI: Global urea prices declined sharply in June after a steep spike in May, providing relief to the government, although prices remained significantly higher than a year ago.
According to government data, international urea prices stood at $572 per tonne in June, down nearly 40% from May levels. However, they were still about 45% higher than the $395 per tonne recorded in June 2025.
Industry officials attributed the decline to China’s partial relaxation of urea export restrictions and easing concerns over prolonged supply disruptions caused by geopolitical tensions.
“India has comfortable urea stocks for the ongoing kharif season. We are closely monitoring developments in West Asia and their potential impact on future supply chains,” a senior industry executive said.
The Department of Fertilisers’ June monthly bulletin showed that prices of other key fertiliser inputs—including diammonium phosphate (DAP), potash and phosphoric acid—also remained higher than a year earlier.
Sulphur registered the sharpest increase, with international prices reaching $1,050 per tonne, up 265% from June 2025 levels. Ammonia prices were also 95% higher than a year ago.
Meanwhile, government data showed that domestic urea production during May and June exceeded official targets, providing additional comfort over fertiliser availability for the current agricultural season.
