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Urea prices have fallen from nearly $1,000 a tonne in April to below $400, driven by higher Chinese exports and improved global supply. India secured 1.7 million tonnes at $390 to $394 a tonne, its lowest price this year.
Lower prices could ease pressure on India's fertiliser subsidy bill.
Cheaper imported urea reduces India's import cost and subsidy burden, which can support continued Indian buying. The broader trend is bearish for global urea prices.
cnbctv18.comCNBCTV18.comSep 2, 2026After 34 past bearish policy events, UREA moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
