China's urea export curbs may not hit India much, push up global rates

But it could push up global rates

China’s move directing some fertiliser producers to suspend urea exports to address domestic concern could have a limited impact on India as far as securing supplies is concerned but could push up global prices.

This could make purchases costlier than before for India, trade and industry players said. A key reason for the limited impact of China’s decision on India is the fact that urea imports in FY24 are expected to be at least 2-3 million tonnes (mt) less than FY23 due to the extensive use of nano urea (which lowers consumption) and the commissioning of new plants that will push