
India's fertilizer imports doubled in January 2025 to 1.231 million tonnes, with urea imports at 554,000 tonnes, DAP at 227,000 tonnes, and MOP at 219,000 tonnes. Fertilizer sales also rose, with urea sales up 8.9% year on year for April-January.
The government is importing early to avoid a repeat of the 2024 DAP shortage.
Early Indian import buying across urea, DAP and potash adds to global demand and supports prices ahead of the kharif season. Buyers should expect firmer fertilizer markets.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
Not enough comparable past events yet for a historical read.
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.