Fertiliser subsidy estimate to be reassessed with fall in urea import prices: Government

The government on Thursday asserted that the fertilisers stocks in the country is comfortable to meet the demand for the ongoing kharif season and said the subsidy estimates for the current fiscal could be reassessed considering the softening of urea prices in the global markets.

At an inter-ministerial briefing on recent developments in West Asia, Aparna S Sharma, additional secretary in the Union Ministry of Chemicals and Fertilisers, said, “The stock position of fertilisers in the country is comfortable. India’s fertilizer security remains as strong as ever.” Asked whether the Rs 3.4 lakh crore fertiliser subsidy estimates for 2026-27 would be revised downward due to a fall in global prices, she said the preliminary subsidy estimate was based on the presumption that the trend remains the same.

“But, as a result of the recent tender that has been done on behalf of the government by our one of our entities will definitely have cause to reassess the subsidy figures, and we will have a re-look on that,” Sharma said.

However, the additional secretary said that the reassessment would depend on the confirmation of the quantities offered by the suppliers and also the total imports.