# urea imports: India's 2023 urea imports fall 21% on year amid jump in domestic production: S&P Global Commodity Insights - The Economic Times

> India's urea imports fell 21.3% in 2023 to 7.41 million tonnes, according to S&P Global Commodity Insights. Domestic production rose 13.4% to 31.11 million tonnes. A fifth plant, Talcher Fertilisers, is expected to start in September 2024 with 3.85 million tonnes of annual capacity.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/31980-urea-imports-india-s-2023-urea-imports-fall-21-on-year-amid-jump-in-domestic
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower Indian import demand reduces pressure on global urea supply, which is bearish for international prices. The new Talcher plant would further cut import needs later in 2024.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-09-27 | [Import of Urea down by 14% amid prices falls globally; sales up by 2%](https://feedsoft.ai/events/11903-import-of-urea-down-by-14-amid-prices-falls-globally-sales-up-by-2.md) | -5.7% | -9.1% |
| UREA | 2026-10-11 | [India’s Latest Urea Tender Signals Relief on Global Fertiliser Costs](https://feedsoft.ai/events/17353-india-s-latest-urea-tender-signals-relief-on-global-fertiliser-costs.md) | +2.6% | — |
| UREA | 2025-09-01 | [India’s Urea Tender on 2 September to Shape Global Fertilizer Prices -](https://feedsoft.ai/events/6879-india-s-urea-tender-on-2-september-to-shape-global-fertilizer-prices.md) | -7.0% | -8.8% |
| UREA | 2023-01-06 | [India seeks discount in rare one-year urea import tender, say sources](https://feedsoft.ai/events/10452-india-seeks-discount-in-rare-one-year-urea-import-tender-say-sources.md) | -3.6% | -17.8% |
| UREA | 2025-02-24 | [Urea Prices Stall Amid Delayed India Tender \| CZ app](https://feedsoft.ai/events/7457-urea-prices-stall-amid-delayed-india-tender-cz-app.md) | -0.3% | -4.4% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/indias-2023-urea-imports-fall-21-on-year-amid-jump-in-domestic-production-sp-global-commodity-insights/articleshow/108103029.cms

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