India has contracted diammonium phosphate fertilizer at prices close to 40% higher than pre war levels, blaming Middle East conflict driven supply disruptions and rising global rates. Indian Potash Ltd. agreed to buy about 1.35 million tons of DAP for delivery on both coasts at roughly $930 to $935 per ton, surpassing last week’s 1.2 million ton tender demand.
India’s palm oil imports fell 27% in April to the lowest in a year as sluggish institutional demand and a narrower price advantage versus competing oils weighed on purchases. The drop may spill into global palm oil futures. At the same time, imports of soyoil and sunflower oil surged, lifting overall edible oil imports to a 2026 high.
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India has resumed wheat exports for the first time in four years, with ITC loading 22,000 metric tons for the UAE. A record harvest, plus higher global prices and freight rates, has made Indian wheat competitive again after earlier export curbs caused by crop damage from extreme heat.
India’s sugar exports for the 2025-26 season are projected to fall to around 7.5 to 8 lakh tonnes as weak global prices curb shipping demand. Government export quotas further limit overseas supply, while domestic consumption stays steady. With fewer exportable surpluses, the amount available for foreign markets is expected to remain subdued.
China is reportedly tightening customs checks on fertilizer exports, focusing on ammonium sulphate, to stop traders from bypassing new restrictions. Authorities are watching for misdeclarations where urea or potash are reported as permitted ammonium sulphate. The crackdown comes as a sharp domestic versus international price gap grows, driven partly by global disruptions including the Strait of Hormuz.
India plans to import 64 lakh tonnes of urea and 19 lakh tonnes of other fertilisers for the upcoming kharif season, even as global prices have doubled amid the West Asia crisis. The government says retail prices for urea and di-ammonium phosphate will remain unchanged, with adequate supply assured. Domestic production is also improving after securing gas supplies.
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