# A surprising twist to India's surging subsidy bill - CNBC TV18

> 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.

- Date: 2026-09-02 · published 2026-09-02T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/17789-a-surprising-twist-to-india-s-surging-subsidy-bill-cnbc-tv18
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

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.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-04-02 | [Oil prices surge after surprise move to cut output](https://feedsoft.ai/events/7947-oil-prices-surge-after-surprise-move-to-cut-output.md) | +8.5% | +20.4% |
| UREA | 2023-04-11 | [Fertiliser prices rise by Tk5 per kg as govt reduces subsidy \| The Business Standard](https://feedsoft.ai/events/36724-fertiliser-prices-rise-by-tk5-per-kg-as-govt-reduces-subsidy-the-business.md) | +4.6% | +6.6% |
| UREA | 2023-01-18 | [Softening global prices to cut fertiliser subsidy in FY24: Secy \| Financial Express Mumbai - newspaper - Read this story on Magzter.com](https://feedsoft.ai/events/38107-softening-global-prices-to-cut-fertiliser-subsidy-in-fy24-secy-financial.md) | -1.1% | -21.7% |
| UREA | 2026-10-28 | [South Korea to Lift Urea Hoarding Ban as Supplies Stabilize](https://feedsoft.ai/events/298-south-korea-to-lift-urea-hoarding-ban-as-supplies-stabilize.md) | -1.3% | — |
| UREA | 2021-12-19 | [Australia to ramp up local urea production to avert trucking crisis](https://feedsoft.ai/events/43915-australia-to-ramp-up-local-urea-production-to-avert-trucking-crisis.md) | +1.6% | -18.6% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/economy/india-urea-prices-fertiliser-subsidy-bill-china-exports-19982489.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.