# India fertilizer industry on ‘wait and watch’ mode after China bans urea export - The HinduBusinessLine

> Indian fertilizer companies are waiting before buying after China banned urea exports, with the government negotiating supply deals on their behalf. Stocks in the pipeline are said to cover urea demand until mid-December, and DAP and potash until December. Some companies fear the Chinese ban could push up DAP and muriate of potash prices, as happened during the 2021 ban.

- Date: 2023-09-08 · published 2023-09-08T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/34434-india-fertilizer-industry-on-wait-and-watch-mode-after-china-bans-urea-export
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Because India is heavily import-dependent, its delay in buying limits near-term urea demand, but a Chinese export ban could still lift DAP and potash prices if supply tightens further.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-03-30 | [Fertiliser sales up 2% in Apr-Feb FY23 on higher urea, DAP offtake  - The HinduBusinessLine](https://feedsoft.ai/events/5527-fertiliser-sales-up-2-in-apr-feb-fy23-on-higher-urea-dap-offtake-the.md) | +2.7% | +15.4% |
| UREA | 2025-02-18 | [India’s fertilizers imports double in January; sales too surge    - The HinduBusinessLine](https://feedsoft.ai/events/26374-india-s-fertilizers-imports-double-in-january-sales-too-surge-the.md) | -0.6% | -4.6% |
| UREA | 2026-01-06 | [India’s urea tender gets lowest offer at $425/tonne for West Coast delivery - The HinduBusinessLine](https://feedsoft.ai/events/21368-india-s-urea-tender-gets-lowest-offer-at-425-tonne-for-west-coast-delivery-the.md) | +0.8% | +15.9% |
| UREA | 2025-09-06 | [India navigating a shifting landscape: The impact of US tariffs on the global fertiliser market - The HinduBusinessLine](https://feedsoft.ai/events/22780-india-navigating-a-shifting-landscape-the-impact-of-us-tariffs-on-the-global.md) | -0.4% | -5.4% |
| UREA | 2025-08-28 | [Global urea prices spike on sudden Indian demand, low stocks - The HinduBusinessLine](https://feedsoft.ai/events/23637-global-urea-prices-spike-on-sudden-indian-demand-low-stocks-the.md) | -7.5% | -8.9% |
| DAP | 2022-05-09 | [Fertiliser imports depend on enhanced urea output and reduced DAP offtake  - The HinduBusinessLine](https://feedsoft.ai/events/41717-fertiliser-imports-depend-on-enhanced-urea-output-and-reduced-dap-offtake-the.md) | 0.0% | -12.2% |
| DAP | 2025-06-22 | [Fertilisers import by India dips 44% in May, expected higher in June  - The HinduBusinessLine](https://feedsoft.ai/events/24147-fertilisers-import-by-india-dips-44-in-may-expected-higher-in-june-the.md) | +0.7% | +3.8% |
| DAP | 2023-03-30 | [Fertiliser sales up 2% in Apr-Feb FY23 on higher urea, DAP offtake  - The HinduBusinessLine](https://feedsoft.ai/events/5527-fertiliser-sales-up-2-in-apr-feb-fy23-on-higher-urea-dap-offtake-the.md) | -4.5% | +3.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/india-fertilizer-industry-on-wait-and-watch-mode-after-china-bans-urea-export/article67285404.ece

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